PNB joya MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Punjab National Bank MICR codes list for joya, one can further search by branch name specified in the table. You can find MICR codes for all PNB joya branches.
PNB MICR code is a character recognition technology used by banks in the processing of cheques. Punjab National Bank MICR code for joya branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for PNB Bank branches in joya, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.
In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a PNB joya branch, sprinted 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. Thus MICR code for Punjab National Bank joya branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of PNB Bank MICR codes for joya branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!