PNB Faridkot Kotkapura Punjab MICR CODE

Find MICR Codes for PNB Faridkot Kotkapura Punjab

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kotkapura Satta Bazar
Contact 1635-500415
Bank Details Punjab National Bank Kotkapura Satta Bazar PUNB0007710
Location Faridkot, Kotkapura
City Faridkot
District Kotkapura
State Punjab
Pincode 151204
Country IN
Address Satta bazar, kotkapura 151204
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 151024154 for Kotkapura Satta Bazar 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 151024154 of Punjab National Bank , Kotkapura Satta Bazar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Kotkapura Satta Bazar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Punjab National Bank are available with micr code -

>>Kotkapura Bhatinda Road >>Kotkapura Satta Bazar

MICR code for PNB Kotkapura Satta Bazar

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 Kotkapura Satta Bazar 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. 151024154 is the MICR code of PNB Bank for Kotkapura Satta Bazar branch. MICR code for Kotkapura Satta Bazar 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 Kotkapura Satta Bazar is presented in the table alongside.

Use of Punjab National Bank MICR code for Kotkapura Satta Bazar branch in faridkot

The MICR code 151024154 is used in RBI cheque clearing process to identify the branch Kotkapura Satta Bazar 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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