PNB Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for PNB Mumbai Mumbai Maharashtra

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MICR Code	400024010
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	Colaba Mumbai
Contact	022-22151631,2793 Bg Pinto
Bank Details	Punjab National Bank Colaba Mumbai PUNB0053000

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400005
Country	IN
Address	Shirin building, sbs road, near colaba post office, mumbai, maharashtra 400005

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 400024010 for Colaba Mumbai 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 400024010 of Punjab National Bank , Colaba Mumbai branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Colaba Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 116 branches of Punjab National Bank are available with micr code -

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MICR code for PNB Colaba Mumbai

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 Colaba Mumbai 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. 400024010 is the MICR code of PNB Bank for Colaba Mumbai branch. MICR code for Colaba Mumbai 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 Colaba Mumbai is presented in the table alongside.

Use of Punjab National Bank MICR code for Colaba Mumbai branch in mumbai

The MICR code 400024010 is used in RBI cheque clearing process to identify the branch Colaba Mumbai 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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