PNB Gwalior Gwalior Madhya Pradesh MICR CODE

Find MICR Codes for PNB Gwalior Gwalior Madhya Pradesh

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MICR Code	474024099
Bank	Punjab National Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Lashkar Srafa Bazar
Contact	0751-2452245,2436550, Jamadhar Thakur
Bank Details	Punjab National Bank Lashkar Srafa Bazar PUNB0029100

Location	Gwalior, Gwalior
City	Gwalior
District	Gwalior
State	Madhya Pradesh
Pincode	474001
Country	IN
Address	Sarafa bazar, lashkar, gwalior, mp- 474001

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 474024099 for Lashkar Srafa 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 474024099 of Punjab National Bank , Lashkar Srafa Bazar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Lashkar Srafa Bazar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 24 branches of Punjab National Bank are available with micr code -

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MICR code for PNB Lashkar Srafa 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 Lashkar Srafa 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. 474024099 is the MICR code of PNB Bank for Lashkar Srafa Bazar branch. MICR code for Lashkar Srafa 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 Lashkar Srafa Bazar is presented in the table alongside.

Use of Punjab National Bank MICR code for Lashkar Srafa Bazar branch in gwalior

The MICR code 474024099 is used in RBI cheque clearing process to identify the branch Lashkar Srafa 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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