PNB Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for PNB Rajkot Rajkot Gujarat

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jubilee Chowk
Contact 0281-2242058,2226631 A K Gupta
Bank Details Punjab National Bank Jubilee Chowk PUNB0040000
Location Rajkot, Rajkot
City Rajkot
District Rajkot
State Gujarat
Pincode 360001
Country IN
Address Jubilee chowk, rajkot, gujarat 360001
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 360024002 for Jubilee Chowk 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 360024002 of Punjab National Bank , Jubilee Chowk branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Jubilee Chowk branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Jubilee Chowk

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 Jubilee Chowk 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. 360024002 is the MICR code of PNB Bank for Jubilee Chowk branch. MICR code for Jubilee Chowk 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 Jubilee Chowk is presented in the table alongside.

Use of Punjab National Bank MICR code for Jubilee Chowk branch in rajkot

The MICR code 360024002 is used in RBI cheque clearing process to identify the branch Jubilee Chowk 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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