PNB Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for PNB Aurangabad Aurangabad Maharashtra

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Adalat Road
Contact 0240-2334482,2349585 Rakesh Sharma
Bank Details Punjab National Bank Adalat Road PUNB0375900
Location Aurangabad, Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Pincode 431001
Country IN
Address Adalat road, aurangabad, maharashtra 431001
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 431024005 for Adalat Road 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 431024005 of Punjab National Bank , Adalat Road branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Adalat Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Punjab National Bank are available with micr code -

>>Adalat Road >>Aurangabad >>Aurangabad Maharashtra >>Aurangpura >>Bhagya Nagar >>Micr Aurangabad >>Ranjangaon Sherpunji Wluj >>Sutgirini Chowk Aurangabad

MICR code for PNB Adalat Road

PNB MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Punjab National Bank MICR code for Adalat Road 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. 431024005 is the MICR code of PNB Bank for Adalat Road branch. MICR code for Adalat Road 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 Punjab National Bank Adalat Road is presented in the table alongside.

Use of Punjab National Bank MICR code for Adalat Road branch in aurangabad

The MICR code 431024005 is used in RBI cheque clearing process to identify the branch Adalat Road and Punjab National 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 PNB Bank is typically in either of these two font’s: E-138 and CMC-7.

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