PNB Rupnagar Morinda Punjab MICR CODE

Find MICR Codes for PNB Rupnagar Morinda Punjab

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Morinda
Contact 160-2630370
Bank Details Punjab National Bank Morinda PUNB0054610
Location Rupnagar, Morinda
City Rupnagar
District Morinda
State Punjab
Pincode 140101
Country IN
Address Oppnew bus stand distroop nagar 140101
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 160024138 for Morinda 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 160024138 of Punjab National Bank , Morinda branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Morinda branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Punjab National Bank are available with micr code -

>>Morinda

MICR code for PNB Morinda

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 Morinda 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. 160024138 is the MICR code of PNB Bank for Morinda branch. MICR code for Morinda 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 Morinda is presented in the table alongside.

Use of Punjab National Bank MICR code for Morinda branch in rupnagar

The MICR code 160024138 is used in RBI cheque clearing process to identify the branch Morinda 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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