PNB Moga Moga Punjab MICR CODE

Find MICR Codes for PNB Moga Moga Punjab

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mogad. M. College
Contact 1636-502080
Bank Details Punjab National Bank Mogad. M. College PUNB0102810
Location Moga, Moga
City Moga
District Moga
State Punjab
Pincode 142001
Country IN
Address D m college of education 142001
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 142024018 for Mogad. M. College 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 142024018 of Punjab National Bank , Mogad. M. College branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Mogad. M. College branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Mogad. M. College

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 Mogad. M. College 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. 142024018 is the MICR code of PNB Bank for Mogad. M. College branch. MICR code for Mogad. M. College 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 Mogad. M. College is presented in the table alongside.

Use of Punjab National Bank MICR code for Mogad. M. College branch in moga

The MICR code 142024018 is used in RBI cheque clearing process to identify the branch Mogad. M. College 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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