PNB Solapur Sholapur Maharashtra MICR CODE

Find MICR Codes for PNB Solapur Sholapur Maharashtra

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dav College Solapur
Contact M.S. Deshmukh 0217-2747402
Bank Details Punjab National Bank Dav College Solapur PUNB0480700
Location Solapur, Sholapur
City Solapur
District Sholapur
State Maharashtra
Pincode 413002
Country IN
Address Dayanand nagar, asawa high school compound bhawani peth maharastra 413002
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 413024003 for Dav College Solapur 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 413024003 of Punjab National Bank , Dav College Solapur branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Dav College Solapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Punjab National Bank are available with micr code -

>>Dav College Solapur >>Kasturba Market

MICR code for PNB Dav College Solapur

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 Dav College Solapur 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. 413024003 is the MICR code of PNB Bank for Dav College Solapur branch. MICR code for Dav College Solapur 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 Dav College Solapur is presented in the table alongside.

Use of Punjab National Bank MICR code for Dav College Solapur branch in solapur

The MICR code 413024003 is used in RBI cheque clearing process to identify the branch Dav College Solapur 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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