PNB Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for PNB Chennai Chennai Tamil Nadu

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MICR Code	600024053
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	Chennai Velacherry
Contact	S Swarnvathy 044-22436944
Bank Details	Punjab National Bank Chennai Velacherry PUNB0644700

Location	Chennai, Chennai
City	Chennai
District	Chennai
State	Tamil Nadu
Pincode	600042
Country	IN
Address	7 by 32 dhandeeswarar nagar velacherry chennai tn 600042

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 600024053 for Chennai Velacherry 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 600024053 of Punjab National Bank , Chennai Velacherry branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Chennai Velacherry branch, makes the characters readable even if there are other marks and stamps on it.

A total of 94 branches of Punjab National Bank are available with micr code -

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MICR code for PNB Chennai Velacherry

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 Chennai Velacherry 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. 600024053 is the MICR code of PNB Bank for Chennai Velacherry branch. MICR code for Chennai Velacherry 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 Chennai Velacherry is presented in the table alongside.

Use of Punjab National Bank MICR code for Chennai Velacherry branch in chennai

The MICR code 600024053 is used in RBI cheque clearing process to identify the branch Chennai Velacherry 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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