PNB Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for PNB Nagpur Nagpur Maharashtra

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gandhi Bagh
Contact 0712-2727303,2724484 V.B.Kohad
Bank Details Punjab National Bank Gandhi Bagh PUNB0035300
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440006
Country IN
Address Vidya bhawan, bca road, nagpur, maharashtra- 440006
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 440024002 for Gandhi Bagh 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 440024002 of Punjab National Bank , Gandhi Bagh branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Gandhi Bagh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Gandhi Bagh

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 Gandhi Bagh 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. 440024002 is the MICR code of PNB Bank for Gandhi Bagh branch. MICR code for Gandhi Bagh 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 Gandhi Bagh is presented in the table alongside.

Use of Punjab National Bank MICR code for Gandhi Bagh branch in nagpur

The MICR code 440024002 is used in RBI cheque clearing process to identify the branch Gandhi Bagh 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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