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Rajarshi Shahu Sahakari Bank Ltd Pune Pune Maharashtra MICR CODE

Find MICR Codes for Rajarshi Shahu Sahakari Bank Ltd Pune Pune Maharashtra

MICR Code
Bank Rajarshi Shahu Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shukrawar Peth
Contact
Bank Details Rajarshi Shahu Sahakari Bank Ltd Shukrawar Peth RSSB0000002
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411002
Country IN
Address 597,shukrawar peth,shivaji road,pune-411002
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 Shukrawar Peth 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 Rajarshi Shahu Bank, Shukrawar Peth branch makes the system almost error free and faster. Use of Rajarshi Shahu Bank MICR codes for Shukrawar Peth branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Rajarshi Shahu Sahakari Bank Ltd Shukrawar Peth

Rajarshi Shahu Sahakari Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Rajarshi Shahu Bank MICR code for Shukrawar Peth 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 Rajarshi Shahu Sahakari Bank Ltd for Shukrawar Peth branch. MICR code for Shukrawar Peth 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 Rajarshi Shahu Bank Shukrawar Peth is presented in the table alongside.

Use of Rajarshi Shahu Bank MICR code for Shukrawar Peth branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Shukrawar Peth and Rajarshi Shahu 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 Rajarshi Shahu Sahakari Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.