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Citibank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Citibank Pune Pune Maharashtra

MICR Code
Bank Citibank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pune
Contact 022-40005706/022-40005922/022-28446390/022-40015618
Bank Details Citibank Pune CITI0000005
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411001
Country IN
Address 2413, kumar capital, east street, pune 411 001
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 411037001 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 411037001 of City Bank, Pune branch makes the system almost error free and faster. Use of City Bank MICR codes for Pune branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Citibank are available with micr code -

>>Pune

MICR code for Citibank Pune

Citibank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. City 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. 411037001 is the MICR code of Citibank India 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 City Bank Pune is presented in the table alongside.

Use of City Bank MICR code for Pune branch in pune

The MICR code 411037001 is used in RBI cheque clearing process to identify the branch Pune and City 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 Citibank India is typically in either of these two font’s: E-138 and CMC-7.