PNB Kamothe Raigad Maharashtra MICR CODE

Find MICR Codes for PNB Kamothe Raigad Maharashtra

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kamothe
Contact 2227430146
Bank Details Punjab National Bank Kamothe PUNB0938600
Location Kamothe, Raigad
City Kamothe
District Raigad
State Maharashtra
Pincode 410206
Country IN
Address Shop no. 12-17 madhuram complex plot no 76/77 sec-19 mh mumba 410209
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 Kamothe 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 , Kamothe branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Kamothe branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Punjab National Bank are available with micr code -

>>Kamothe

MICR code for PNB Kamothe

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 Kamothe 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 Kamothe branch. MICR code for Kamothe 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 Kamothe is presented in the table alongside.

Use of Punjab National Bank MICR code for Kamothe branch in kamothe

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