PNB Faridkot Faridkot Punjab MICR CODE

Find MICR Codes for PNB Faridkot Faridkot Punjab

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mgm Faridkot City
Contact A S Dhillon 01639-250061
Bank Details Punjab National Bank Mgm Faridkot City PUNB0482800
Location Faridkot, Faridkot
City Faridkot
District Faridkot
State Punjab
Pincode 151203
Country IN
Address Mgm school, faridkot punjab 151203
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 Mgm Faridkot City 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 , Mgm Faridkot City branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Mgm Faridkot City branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Mgm Faridkot City

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 Mgm Faridkot City 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 Mgm Faridkot City branch. MICR code for Mgm Faridkot City 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 Mgm Faridkot City is presented in the table alongside.

Use of Punjab National Bank MICR code for Mgm Faridkot City branch in faridkot

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mgm Faridkot City 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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