Vijaya Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Vijaya Bank Pune Pune Maharashtra

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MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sahakarnagar Mh
Contact 1800223344
Bank Details Vijaya Bank Sahakarnagar Mh VIJB0005066
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411009
Country IN
Address Prabhalaxman, elite apartment, plot 6, valvekar nagar, parvati pune, pune, maharashtra 411009.
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 411029007 for Sahakarnagar Mh 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 411029007 of Vijaya Bank, Sahakarnagar Mh branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Sahakarnagar Mh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Vijaya Bank Sahakarnagar Mh

Vijaya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vijaya Bank MICR code for Sahakarnagar Mh 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. 411029007 is the MICR code of Vijaya Bank for Sahakarnagar Mh branch. MICR code for Sahakarnagar Mh 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 Vijaya Bank Sahakarnagar Mh is presented in the table alongside.

Use of Vijaya Bank MICR code for Sahakarnagar Mh branch in pune

The MICR code 411029007 is used in RBI cheque clearing process to identify the branch Sahakarnagar Mh and Vijaya 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 Vijaya Bank is typically in either of these two font’s: E-138 and CMC-7.

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