Central Bank of India Market Yard, Pune
Market Yard, Pune · Pune, Maharashtra
411016020 is the MICR code for the Market Yard, Pune branch of Central Bank of India, located in Pune, Maharashtra. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code CBIN0282221.
Bank
Central Bank of India
Branch & Address
Market Yard, Pune
Plot No. 369, Guruprasad, Yeshwantgad Road, Market Yard, Gultekdi, Dist- Pune, Maharashtra-411037
Pune, Pune, Maharashtra
Contact
+912222612008MICR Code Structure
411
City
016
Bank
020
Branch
City code 411 identifies the RBI clearing centre, bank code 016 identifies Central Bank of India, and branch code 020 identifies this specific branch.
Online Payment Methods Supported
Other Central Bank of India branches near Pune
Other banks in Pune, Maharashtra
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (CBIN0282221) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 411016020 is in the middle, and your account number is on the right.