Let Others Know
×
LinkedIn
Email
WhatsApp

Shinhan Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Shinhan Bank Pune Pune Maharashtra

MICR Code
Bank Shinhan Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pune Branch
Contact
Bank Details Shinhan Bank Pune Branch SHBK0000006
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411001
Country IN
Address Shinhan bank pune branch, ground floor, red building, galaxy society, plot no 2, boat club road, pune 411001
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 Pune 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 Shinhan Bank, Pune Branch branch makes the system almost error free and faster. Use of Shinhan Bank MICR codes for Pune Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Shinhan Bank are available with micr code -

>>Pune Branch

MICR code for Shinhan Bank Pune Branch

Shinhan Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Shinhan Bank MICR code for Pune 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 Shinhan Bank for Pune Branch branch. MICR code for Pune 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 Shinhan Bank Pune Branch is presented in the table alongside.

Use of Shinhan Bank MICR code for Pune Branch branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Pune Branch and Shinhan 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 Shinhan Bank is typically in either of these two font’s: E-138 and CMC-7.