PNB Depalpur Indore Madhya Pradesh MICR CODE

Find MICR Codes for PNB Depalpur Indore Madhya Pradesh

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Depalpur
Contact 9425329587
Bank Details Punjab National Bank Depalpur PUNB0985400
Location Depalpur, Indore
City Depalpur
District Indore
State Madhya Pradesh
Pincode 453115
Country IN
Address 9/193, nehru marg, tehsil road betma naka ,depalpur indore madhya pradesh 453115
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 Depalpur 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 , Depalpur branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Depalpur 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 -

>>Depalpur

MICR code for PNB Depalpur

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 Depalpur 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 Depalpur branch. MICR code for Depalpur 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 Depalpur is presented in the table alongside.

Use of Punjab National Bank MICR code for Depalpur branch in depalpur

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