PNB Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for PNB Rajkot Rajkot Gujarat

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Metoda Distt Rajkot
Contact 0
Bank Details Punjab National Bank Metoda Distt Rajkot PUNB0224610
Location Rajkot, Rajkot
City Rajkot
District Rajkot
State Gujarat
Pincode 360027
Country IN
Address Shop no 8,viral avenue kalawad road , gidc 360027
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 360024015 for Metoda Distt Rajkot 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 360024015 of Punjab National Bank , Metoda Distt Rajkot branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Metoda Distt Rajkot branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Metoda Distt Rajkot

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 Metoda Distt Rajkot 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. 360024015 is the MICR code of PNB Bank for Metoda Distt Rajkot branch. MICR code for Metoda Distt Rajkot 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 Metoda Distt Rajkot is presented in the table alongside.

Use of Punjab National Bank MICR code for Metoda Distt Rajkot branch in rajkot

The MICR code 360024015 is used in RBI cheque clearing process to identify the branch Metoda Distt Rajkot 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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