PNB Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for PNB Delhi New Delhi New Delhi

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MICR Code	110024061
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	Maharani Bagh
Contact	011 - 26346946, Mr. Anil Kashyap
Bank Details	Punjab National Bank Maharani Bagh PUNB0150900

Location	Delhi, New Delhi
City	Delhi
District	New Delhi
State	New Delhi
Pincode	110014
Country	IN
Address	Ahram chowk, new delhi 110014

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 110024061 for Maharani Bagh 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 110024061 of Punjab National Bank , Maharani Bagh branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Maharani Bagh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 193 branches of Punjab National Bank are available with micr code -

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MICR code for PNB Maharani Bagh

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 Maharani Bagh 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. 110024061 is the MICR code of PNB Bank for Maharani Bagh branch. MICR code for Maharani Bagh 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 Maharani Bagh is presented in the table alongside.

Use of Punjab National Bank MICR code for Maharani Bagh branch in delhi

The MICR code 110024061 is used in RBI cheque clearing process to identify the branch Maharani Bagh 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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