PNB Kolkata Kolkata West Bengal MICR CODE

Find MICR Codes for PNB Kolkata Kolkata West Bengal

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lake Area
Contact 033-24666913,24656000 Sanjay Kumar Dey
Bank Details Punjab National Bank Lake Area PUNB0144900
Location Kolkata, Kolkata
City Kolkata
District Kolkata
State West Bengal
Pincode 700026
Country IN
Address 174, shyama prasad mukherjee road, kolkata, west bengal 700026
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 700024017 for Lake Area 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 700024017 of Punjab National Bank , Lake Area branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Lake Area branch, makes the characters readable even if there are other marks and stamps on it.

A total of 260 branches of Punjab National Bank are available with micr code -

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MICR code for PNB Lake Area

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 Lake Area 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. 700024017 is the MICR code of PNB Bank for Lake Area branch. MICR code for Lake Area 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 Lake Area is presented in the table alongside.

Use of Punjab National Bank MICR code for Lake Area branch in kolkata

The MICR code 700024017 is used in RBI cheque clearing process to identify the branch Lake Area 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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