PNB Modinagar Ghaziabad Uttar Pradesh MICR CODE

Find MICR Codes for PNB Modinagar Ghaziabad Uttar Pradesh

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Modi Steels Modinagar
Contact 01232-246650 Raj Pal Singh
Bank Details Punjab National Bank Modi Steels Modinagar PUNB0396900
Location Modinagar, Ghaziabad
City Modinagar
District Ghaziabad
State Uttar Pradesh
Pincode 201204
Country IN
Address Modi steels, modi nagar, up 201204
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 110024248 for Modi Steels Modinagar 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 110024248 of Punjab National Bank , Modi Steels Modinagar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Modi Steels Modinagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Punjab National Bank are available with micr code -

>>Currency Chest Backoffice Modinagar >>G T Road Modi Nagar >>Modi Steels Modinagar >>Modinagar Govindpuri >>Niwari >>Textile Mill Modinagar

MICR code for PNB Modi Steels Modinagar

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 Modi Steels Modinagar 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. 110024248 is the MICR code of PNB Bank for Modi Steels Modinagar branch. MICR code for Modi Steels Modinagar 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 Modi Steels Modinagar is presented in the table alongside.

Use of Punjab National Bank MICR code for Modi Steels Modinagar branch in modinagar

The MICR code 110024248 is used in RBI cheque clearing process to identify the branch Modi Steels Modinagar 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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