PNB Faridkot Faridkot Punjab MICR CODE

Find MICR Codes for PNB Faridkot Faridkot Punjab

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Baba Farid University Of Health
Contact 1639-250287
Bank Details Punjab National Bank Baba Farid University Of Health PUNB0160110
Location Faridkot, Faridkot
City Faridkot
District Faridkot
State Punjab
Pincode 151203
Country IN
Address Baba farid uni of heal th and sciences 151203
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 151024111 for Baba Farid University Of Health 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 151024111 of Punjab National Bank , Baba Farid University Of Health branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Baba Farid University Of Health branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Baba Farid University Of Health

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 Baba Farid University Of Health 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. 151024111 is the MICR code of PNB Bank for Baba Farid University Of Health branch. MICR code for Baba Farid University Of Health 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 Baba Farid University Of Health is presented in the table alongside.

Use of Punjab National Bank MICR code for Baba Farid University Of Health branch in faridkot

The MICR code 151024111 is used in RBI cheque clearing process to identify the branch Baba Farid University Of Health 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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