PNB Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for PNB Chandigarh Chandigarh Chandigarh

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MICR Code	160024114
Bank	Punjab National Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chandigarh Sec Twenty Six
Contact	172-2791735
Bank Details	Punjab National Bank Chandigarh Sec Twenty Six PUNB0061810

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160019
Country	IN
Address	Sco 48 madhya marg sector 26 160019

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 160024114 for Chandigarh Sec Twenty Six 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 160024114 of Punjab National Bank , Chandigarh Sec Twenty Six branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Chandigarh Sec Twenty Six branch, makes the characters readable even if there are other marks and stamps on it.

A total of 60 branches of Punjab National Bank are available with micr code -

MICR code for PNB Chandigarh Sec Twenty Six

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 Chandigarh Sec Twenty Six 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. 160024114 is the MICR code of PNB Bank for Chandigarh Sec Twenty Six branch. MICR code for Chandigarh Sec Twenty Six 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 Chandigarh Sec Twenty Six is presented in the table alongside.

Use of Punjab National Bank MICR code for Chandigarh Sec Twenty Six branch in chandigarh

The MICR code 160024114 is used in RBI cheque clearing process to identify the branch Chandigarh Sec Twenty Six 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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