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 Indora Chowk Nagpur
Contact 07122440521,2640935 H D Sakhare
Bank Details Punjab National Bank Indora Chowk Nagpur PUNB0050000
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440017
Country IN
Address Dr. Ambedkar road, nagpur, maharashtra- 440017
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 440024006 for Indora Chowk Nagpur 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 440024006 of Punjab National Bank , Indora Chowk Nagpur branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Indora Chowk Nagpur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Indora Chowk Nagpur

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 Indora Chowk Nagpur 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. 440024006 is the MICR code of PNB Bank for Indora Chowk Nagpur branch. MICR code for Indora Chowk Nagpur 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 Indora Chowk Nagpur is presented in the table alongside.

Use of Punjab National Bank MICR code for Indora Chowk Nagpur branch in nagpur

The MICR code 440024006 is used in RBI cheque clearing process to identify the branch Indora Chowk Nagpur 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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