PNB Alwar Alwar Rajasthan MICR CODE

Find MICR Codes for PNB Alwar Alwar Rajasthan

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Basant Vihar Alwar
Contact
Bank Details Punjab National Bank Basant Vihar Alwar PUNB0995700
Location Alwar, Alwar
City Alwar
District Alwar
State Rajasthan
Pincode 301001
Country IN
Address Basant vihar, near ambedker circle alwar rajasthan 301001
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 Basant Vihar Alwar 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 , Basant Vihar Alwar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Basant Vihar Alwar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Basant Vihar Alwar

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 Basant Vihar Alwar 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 Basant Vihar Alwar branch. MICR code for Basant Vihar Alwar 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 Basant Vihar Alwar is presented in the table alongside.

Use of Punjab National Bank MICR code for Basant Vihar Alwar branch in alwar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Basant Vihar Alwar 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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