PNB Sahibzada Ajit Singh Nagar Kharar Punjab MICR CODE

Find MICR Codes for PNB Sahibzada Ajit Singh Nagar Kharar Punjab

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kharar
Contact 160-2280350
Bank Details Punjab National Bank Kharar PUNB0065210
Location Sahibzada Ajit Singh Nagar, Kharar
City Sahibzada Ajit Singh Nagar
District Kharar
State Punjab
Pincode 140301
Country IN
Address Near bus stand nasib complex 140301
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 160024123 for Kharar 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 160024123 of Punjab National Bank , Kharar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Kharar 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 -

>>Kharar

MICR code for PNB Kharar

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 Kharar 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. 160024123 is the MICR code of PNB Bank for Kharar branch. MICR code for Kharar 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 Kharar is presented in the table alongside.

Use of Punjab National Bank MICR code for Kharar branch in sahibzada ajit singh nagar

The MICR code 160024123 is used in RBI cheque clearing process to identify the branch Kharar 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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