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The Kolhapur Urban Co-Op Bank Ltd Pune Kolhapur Maharashtra MICR CODE

Find MICR Codes for The Kolhapur Urban Co-Op Bank Ltd Pune Kolhapur Maharashtra

MICR Code
Bank The kolhapur urban co-op bank ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pune Branch
Contact 20-9552580308
Bank Details The kolhapur urban co-op bank ltd Pune Branch KOLH0000016
Location Pune, Kolhapur
City Pune
District Kolhapur
State Maharashtra
Pincode 411038
Country IN
Address Shopping plaza coop housing soc,rambag colony,paud road,pune 411038
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 411398002 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 411398002 of The Kolhapur Urban Bank Ltd, Pune Branch branch makes the system almost error free and faster. Use of The Kolhapur Urban Bank Ltd 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 The kolhapur urban co-op bank ltd are available with micr code -

>>Pune Branch

MICR code for The Kolhapur Urban Co-Op Bank Ltd Pune Branch

The Kolhapur Urban Co-Op Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. The Kolhapur Urban Bank Ltd 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. 411398002 is the MICR code of The Kolhapur Urban Co-Op Bank Ltd 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 The Kolhapur Urban Bank Ltd Pune Branch is presented in the table alongside.

Use of The Kolhapur Urban Bank Ltd MICR code for Pune Branch branch in pune

The MICR code 411398002 is used in RBI cheque clearing process to identify the branch Pune Branch and The Kolhapur Urban Bank Ltd 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 The Kolhapur Urban Co-Op Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.