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South Indian Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for South Indian Bank Pune Pune Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	411059002
Bank	South Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Pune
Contact	Roy Domenic P., Chief Manager 020-6138461
Bank Details	South Indian Bank Pune SIBL0000147

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411001
Country	IN
Address	Pune branch,ground floor,aurora towers ( east wing), 9,moledina road, pune , maharashtra , pin-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 411059002 for Pune 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 411059002 of South Indian Bank, Pune branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Pune branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of South Indian Bank are available with micr code -

>>Bibwewadi >>Christ Institute Of Management >>Pune >>Pune Bhosari >>Saraswati Vishwa Vidyalaya >>Viman Nagar >>Vishrantwadi >>Wakad

MICR code for South Indian Bank Pune

South Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. South Indian Bank MICR code for Pune 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. 411059002 is the MICR code of South Indian Bank for Pune branch. MICR code for Pune 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 South Indian Bank Pune is presented in the table alongside.

Use of South Indian Bank MICR code for Pune branch in pune

The MICR code 411059002 is used in RBI cheque clearing process to identify the branch Pune and South Indian 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 South Indian Bank is typically in either of these two font’s: E-138 and CMC-7.