PNB Panipat Panipat Haryana MICR CODE

Find MICR Codes for PNB Panipat Panipat Haryana

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch G T Road Panipat
Contact 0180-2632502,9990 V.K.Mehta
Bank Details Punjab National Bank G T Road Panipat PUNB0037700
Location Panipat, Panipat
City Panipat
District Panipat
State Haryana
Pincode
Country IN
Address Gt road, panipat, haryana
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 G T Road Panipat 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 , G T Road Panipat branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for G T Road Panipat branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB G T Road Panipat

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 G T Road Panipat 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 G T Road Panipat branch. MICR code for G T Road Panipat 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 G T Road Panipat is presented in the table alongside.

Use of Punjab National Bank MICR code for G T Road Panipat branch in panipat

The MICR code 0 is used in RBI cheque clearing process to identify the branch G T Road Panipat 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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