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Pusad Urban Cooperative Bank Ltd Pusad Yavtmal Maharashtra MICR CODE

Find MICR Codes for Pusad Urban Cooperative Bank Ltd Pusad Yavtmal Maharashtra

MICR Code
Bank Pusad Urban Cooperative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Head Office Pusad
Contact
Bank Details Pusad Urban Cooperative Bank Ltd Head Office Pusad PUSD0000099
Location Pusad, Yavtmal
City Pusad
District Yavtmal
State Maharashtra
Pincode 445204
Country IN
Address Talao lay-out behind lic office pusad yavatmal -445204
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for Head Office Pusad branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of Pusad Urban Bank , Head Office Pusad branch makes the system almost error free and faster. Use of Pusad Urban Bank MICR codes for Head Office Pusad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Pusad Urban Cooperative Bank Ltd are available with micr code -

>>Head Office Pusad >>Main Branch Pusad >>Motinagar Pusad

MICR code for Pusad Urban Cooperative Bank Ltd Head Office Pusad

Pusad Urban Cooperative Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Pusad Urban Bank MICR code for Head Office Pusad is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of Pusad Urban Cooperative Bank Ltd for Head Office Pusad branch. MICR code for Head Office Pusad branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Pusad Urban Bank Head Office Pusad is presented in the table alongside.

Use of Pusad Urban Bank MICR code for Head Office Pusad branch in pusad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Head Office Pusad and Pusad Urban Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Pusad Urban Cooperative Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.