PNB Mani Majra Chandigarh Chandigarh MICR CODE

Find MICR Codes for PNB Mani Majra Chandigarh Chandigarh

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Housing Board Complex Manimajra
Contact 0172-2732840 Darshan Pal Goyal
Bank Details Punjab National Bank Housing Board Complex Manimajra PUNB0446200
Location Mani Majra, Chandigarh
City Mani Majra
District Chandigarh
State Chandigarh
Pincode
Country IN
Address Bay shop no. 53, housing board complex, manimajra, chandigarh
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 160024043 for Housing Board Complex Manimajra 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 160024043 of Punjab National Bank , Housing Board Complex Manimajra branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Housing Board Complex Manimajra 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 -

>>Housing Board Complex Manimajra

MICR code for PNB Housing Board Complex Manimajra

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 Housing Board Complex Manimajra 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. 160024043 is the MICR code of PNB Bank for Housing Board Complex Manimajra branch. MICR code for Housing Board Complex Manimajra 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 Housing Board Complex Manimajra is presented in the table alongside.

Use of Punjab National Bank MICR code for Housing Board Complex Manimajra branch in mani majra

The MICR code 160024043 is used in RBI cheque clearing process to identify the branch Housing Board Complex Manimajra 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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