PNB Chola Sahib Amritsar Punjab MICR CODE

Find MICR Codes for PNB Chola Sahib Amritsar Punjab

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chola Sahib
Contact Manjeet Singh Riar 01859-248262
Bank Details Punjab National Bank Chola Sahib PUNB0341800
Location Chola Sahib, Amritsar
City Chola Sahib
District Amritsar
State Punjab
Pincode 143601
Country IN
Address Vpo chola sahib, dist taran taran punjab 143601
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 Chola Sahib 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 , Chola Sahib branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Chola Sahib branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Punjab National Bank are available with micr code -

>>Chola Sahib

MICR code for PNB Chola Sahib

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 Chola Sahib 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 Chola Sahib branch. MICR code for Chola Sahib 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 Chola Sahib is presented in the table alongside.

Use of Punjab National Bank MICR code for Chola Sahib branch in chola sahib

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chola Sahib 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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