PNB Mumbai Suburban Mumbai Maharashtra MICR CODE

Find MICR Codes for PNB Mumbai Suburban Mumbai Maharashtra

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MICR Code	400024140
Bank	Punjab National Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mumbaibandra
Contact	22-26438786
Bank Details	Punjab National Bank Mumbaibandra PUNB0104510

Location	Mumbai Suburban, Mumbai
City	Mumbai Suburban
District	Mumbai
State	Maharashtra
Pincode	400050
Country	IN
Address	Mg seva mandir trust bldg, bandra, sv road 400050

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 400024140 for Mumbaibandra 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 400024140 of Punjab National Bank , Mumbaibandra branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Mumbaibandra branch, makes the characters readable even if there are other marks and stamps on it.

A total of 37 branches of Punjab National Bank are available with micr code -

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MICR code for PNB Mumbaibandra

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 Mumbaibandra 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. 400024140 is the MICR code of PNB Bank for Mumbaibandra branch. MICR code for Mumbaibandra 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 Mumbaibandra is presented in the table alongside.

Use of Punjab National Bank MICR code for Mumbaibandra branch in mumbai suburban

The MICR code 400024140 is used in RBI cheque clearing process to identify the branch Mumbaibandra 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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