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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 Wagholi Branch
Contact
Bank Details Rajarshi Shahu Sahakari Bank Ltd Wagholi Branch RSSB0000016
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 412207
Country IN
Address Ground floor,gat no-668 p,show room no-1& 2,bellevie centre,kesnand road,wagholi,pune-412207
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 Wagholi Branch 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, Wagholi Branch branch makes the system almost error free and faster. Use of Rajarshi Shahu Bank MICR codes for Wagholi Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Rajarshi Shahu Sahakari Bank Ltd Wagholi Branch

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 Wagholi Branch 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 Wagholi Branch branch. MICR code for Wagholi Branch 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 Wagholi Branch is presented in the table alongside.

Use of Rajarshi Shahu Bank MICR code for Wagholi Branch branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Wagholi Branch 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.