PNB Malegaon Nasik Maharashtra MICR CODE

Find MICR Codes for PNB Malegaon Nasik Maharashtra

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MICR Code	-NA-
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	Malegoan
Contact	9209980460
Bank Details	Punjab National Bank Malegoan PUNB0785800

Location	Malegaon, Nasik
City	Malegaon
District	Nasik
State	Maharashtra
Pincode	423203
Country	IN
Address	Plot no-60,survey no-13 soyagaon,teh-malegoan maleg maharashtra 423203

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

A total of 1 branches of Punjab National Bank are available with micr code -

>>Malegoan

MICR code for PNB Malegoan

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 Malegoan 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 Malegoan branch. MICR code for Malegoan 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 Malegoan is presented in the table alongside.

Use of Punjab National Bank MICR code for Malegoan branch in malegaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Malegoan 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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