PNB Nainital Nainital Uttrakhand MICR CODE

Find MICR Codes for PNB Nainital Nainital Uttrakhand

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Awala Khot
Contact 9058012789
Bank Details Punjab National Bank Awala Khot PUNB0597300
Location Nainital, Nainital
City Nainital
District Nainital
State Uttrakhand
Pincode 263159
Country IN
Address Vill awala khot po kota bagh dist nainital uttaranchal 263159
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 Awala Khot 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 , Awala Khot branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Awala Khot branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Punjab National Bank are available with micr code -

>>Awala Khot >>Bara Bazar Nainital >>Dewala Malla >>Karayalpur Chatursingh >>Kathgodam >>Nainital >>Nainital Mall Road

MICR code for PNB Awala Khot

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 Awala Khot 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 Awala Khot branch. MICR code for Awala Khot 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 Awala Khot is presented in the table alongside.

Use of Punjab National Bank MICR code for Awala Khot branch in nainital

The MICR code 0 is used in RBI cheque clearing process to identify the branch Awala Khot 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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