PNB Jabalpur Jabalpur Madhya Pradesh MICR CODE

Find MICR Codes for PNB Jabalpur Jabalpur Madhya Pradesh

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jabalpurprem Nagar
Contact 761-2429902
Bank Details Punjab National Bank Jabalpurprem Nagar PUNB0516210
Location Jabalpur, Jabalpur
City Jabalpur
District Jabalpur
State Madhya Pradesh
Pincode 482002
Country IN
Address Shri guru singh sabha gurudwara,prem nagar 482002
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 Jabalpurprem Nagar 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 , Jabalpurprem Nagar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Jabalpurprem Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Jabalpurprem Nagar

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 Jabalpurprem Nagar 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 Jabalpurprem Nagar branch. MICR code for Jabalpurprem Nagar 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 Jabalpurprem Nagar is presented in the table alongside.

Use of Punjab National Bank MICR code for Jabalpurprem Nagar branch in jabalpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Jabalpurprem Nagar 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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