PNB Gurgaon Gurgaon Haryana MICR CODE

Find MICR Codes for PNB Gurgaon Gurgaon Haryana

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mid Corporate Branch Gurgaon
Contact Anil Mahajan
Bank Details Punjab National Bank Mid Corporate Branch Gurgaon PUNB0461500
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122001
Country IN
Address Jmd pacific square, sector i5-ii nh-8, near 32nd mile stone gurgaon, haryana 122001
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 110024432 for Mid Corporate Branch Gurgaon 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 110024432 of Punjab National Bank , Mid Corporate Branch Gurgaon branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Mid Corporate Branch Gurgaon branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Mid Corporate Branch Gurgaon

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 Mid Corporate Branch Gurgaon 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. 110024432 is the MICR code of PNB Bank for Mid Corporate Branch Gurgaon branch. MICR code for Mid Corporate Branch Gurgaon 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 Mid Corporate Branch Gurgaon is presented in the table alongside.

Use of Punjab National Bank MICR code for Mid Corporate Branch Gurgaon branch in gurgaon

The MICR code 110024432 is used in RBI cheque clearing process to identify the branch Mid Corporate Branch Gurgaon 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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