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Vishweshwar Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Vishweshwar Bank Pune Pune Maharashtra

MICR Code
Bank The Vishweshwar Sahakari Bank Ltd Pune
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Market Yard
Contact 9881909703
Bank Details The Vishweshwar Sahakari Bank Ltd Pune Market Yard VSBL0000003
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411037
Country IN
Address 471/472, market yard, gultekadi, pune 411037
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 411335006 for Market Yard 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 411335006 of Vishweshwar Sahakari Bank, Market Yard branch makes the system almost error free and faster. Use of Vishweshwar Sahakari Bank MICR codes for Market Yard branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Vishweshwar Bank Market Yard

Vishweshwar Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vishweshwar Sahakari Bank MICR code for Market Yard 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. 411335006 is the MICR code of Vishweshwar Bank for Market Yard branch. MICR code for Market Yard 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 Vishweshwar Sahakari Bank Market Yard is presented in the table alongside.

Use of Vishweshwar Sahakari Bank MICR code for Market Yard branch in pune

The MICR code 411335006 is used in RBI cheque clearing process to identify the branch Market Yard and Vishweshwar Sahakari 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 Vishweshwar Bank is typically in either of these two font’s: E-138 and CMC-7.