PNB Kanpur Karim Nagar Uttar Pradesh MICR CODE

Find MICR Codes for PNB Kanpur Karim Nagar Uttar Pradesh

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Asset Recovery Management
Contact 9935041206
Bank Details Punjab National Bank Asset Recovery Management PUNB0454600
Location Kanpur, Karim Nagar
City Kanpur
District Karim Nagar
State Uttar Pradesh
Pincode 208012
Country IN
Address 128 by 9, c block kidwainagar kanpur up 208012
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 0 for Asset Recovery Management 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 0 of Punjab National Bank , Asset Recovery Management branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Asset Recovery Management branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Asset Recovery Management

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 Asset Recovery Management 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. 0 is the MICR code of PNB Bank for Asset Recovery Management branch. MICR code for Asset Recovery Management 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 Asset Recovery Management is presented in the table alongside.

Use of Punjab National Bank MICR code for Asset Recovery Management branch in kanpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Asset Recovery Management 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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