Jalgaon Peoples Co-Op Bank Panvel Raigad Maharashtra MICR CODE

Find MICR Codes for Jalgaon Peoples Co-Op Bank Panvel Raigad Maharashtra

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MICR Code	400109258
Bank	The Jalgaon Peoples Co-op Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panvel Branch
Contact	(022) 27453817
Bank Details	The Jalgaon Peoples Co-op Bank Panvel Branch JPCB0000024

Location	Panvel, Raigad
City	Panvel
District	Raigad
State	Maharashtra
Pincode	410206
Country	IN
Address	Plot no.236,opp. Old telephone, exchange, near idbi bank,old panvel,raigad

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 400109258 for Panvel 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 400109258 of Jalgaon Peoples Bank, Panvel Branch branch makes the system almost error free and faster. Use of Jalgaon Peoples Bank MICR codes for Panvel Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Jalgaon Peoples Co-op Bank are available with micr code -

>>Panvel Branch

MICR code for Jalgaon Peoples Co-Op Bank Panvel Branch

Jalgaon Peoples Co-Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Jalgaon Peoples Bank MICR code for Panvel 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. 400109258 is the MICR code of Jalgaon Peoples Co-Op Bank for Panvel Branch branch. MICR code for Panvel 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 Jalgaon Peoples Bank Panvel Branch is presented in the table alongside.

Use of Jalgaon Peoples Bank MICR code for Panvel Branch branch in panvel

The MICR code 400109258 is used in RBI cheque clearing process to identify the branch Panvel Branch and Jalgaon Peoples 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 Jalgaon Peoples Co-Op Bank is typically in either of these two font’s: E-138 and CMC-7.

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