PNB Jabalpur Jabalpur Madhya Pradesh MICR CODE

Find MICR Codes for PNB Jabalpur Jabalpur Madhya Pradesh

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mahatma Gandhi Rural Dev Instit
Contact Kishunian Jharia 0761-2681545
Bank Details Punjab National Bank Mahatma Gandhi Rural Dev Instit PUNB0617500
Location Jabalpur, Jabalpur
City Jabalpur
District Jabalpur
State Madhya Pradesh
Pincode 482004
Country IN
Address Mahatma gandhi rural development institution, adhartal, jabalpur mp 482004
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 0 for Mahatma Gandhi Rural Dev Instit 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 0 of Punjab National Bank , Mahatma Gandhi Rural Dev Instit branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Mahatma Gandhi Rural Dev Instit branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Mahatma Gandhi Rural Dev Instit

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 Mahatma Gandhi Rural Dev Instit 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. 0 is the MICR code of PNB Bank for Mahatma Gandhi Rural Dev Instit branch. MICR code for Mahatma Gandhi Rural Dev Instit 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 Mahatma Gandhi Rural Dev Instit is presented in the table alongside.

Use of Punjab National Bank MICR code for Mahatma Gandhi Rural Dev Instit branch in jabalpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mahatma Gandhi Rural Dev Instit 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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