PNB Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for PNB Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code	500024018
Bank	Punjab National Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hyderabad Saifabad
Contact	040-23232034-40406 M. Vijay Kumar
Bank Details	Punjab National Bank Hyderabad Saifabad PUNB0397200

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500004
Country	IN
Address	6-1-73, i st floor , saeed plaza, lakdi-ka-pul, saifabad hyderabad 500004

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 500024018 for Hyderabad Saifabad 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 500024018 of Punjab National Bank , Hyderabad Saifabad branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Hyderabad Saifabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 21 branches of Punjab National Bank are available with micr code -

>>Bala Nagar Hyderabad >>Banjara Hills >>Bank Street >>Charminar >>Chickkadapally Hyderabad >>Hitech City >>Hyderabad Basheerbagh >>Hyderabad Habsiguda >>Hyderabad Musheerabad >>Hyderabad Saifabad >>Hyderabad Somajiguda >>Ii Lancer Hyderabad >>Kanchanbagh Hyderabad >>Kothi Hyderabad >>Kukatpally >>Malakpet Hyderabad >>Miyapur >>Rcc Hyderabad >>Sanath Nagar Hyderabad >>Santosh Nagar Hyderabad >>Sultanshahi Hyderabad

MICR code for PNB Hyderabad Saifabad

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 Hyderabad Saifabad 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. 500024018 is the MICR code of PNB Bank for Hyderabad Saifabad branch. MICR code for Hyderabad Saifabad 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 Hyderabad Saifabad is presented in the table alongside.

Use of Punjab National Bank MICR code for Hyderabad Saifabad branch in hyderabad

The MICR code 500024018 is used in RBI cheque clearing process to identify the branch Hyderabad Saifabad 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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