PNB Sahibzada Ajit Singh Nagar Mohali Punjab MICR CODE

Find MICR Codes for PNB Sahibzada Ajit Singh Nagar Mohali Punjab

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mohalis.A.S. Nagar
Contact 172-2224927
Bank Details Punjab National Bank Mohalis.A.S. Nagar PUNB0079410
Location Sahibzada Ajit Singh Nagar, Mohali
City Sahibzada Ajit Singh Nagar
District Mohali
State Punjab
Pincode 160059
Country IN
Address Sco 99,sector-60 phase-3-b-2 sas nagar 160059
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 160024111 for Mohalis.A.S. Nagar 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 160024111 of Punjab National Bank , Mohalis.A.S. Nagar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Mohalis.A.S. Nagar 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 -

>>Landran >>Mohali Sector Seventy >>Mohaligovt College Sec Fifty Six Phase Six >>Mohalis.A.S. Nagar >>Mohalisector Fifty Five >>Mohalisector Sixty Five Phase Xi

MICR code for PNB Mohalis.A.S. Nagar

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 Mohalis.A.S. Nagar 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. 160024111 is the MICR code of PNB Bank for Mohalis.A.S. Nagar branch. MICR code for Mohalis.A.S. Nagar 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 Mohalis.A.S. Nagar is presented in the table alongside.

Use of Punjab National Bank MICR code for Mohalis.A.S. Nagar branch in sahibzada ajit singh nagar

The MICR code 160024111 is used in RBI cheque clearing process to identify the branch Mohalis.A.S. Nagar 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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