PNB Mumbai Suburban Mumbai Maharashtra MICR CODE

Find MICR Codes for PNB Mumbai Suburban Mumbai Maharashtra

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MICR Code	400024120
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	Mumbaimaladw
Contact	22-28823947
Bank Details	Punjab National Bank Mumbaimaladw PUNB0040510

Location	Mumbai Suburban, Mumbai
City	Mumbai Suburban
District	Mumbai
State	Maharashtra
Pincode	400069
Country	IN
Address	Vikas chambersmarve link roadmaladw 400069

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 400024120 for Mumbaimaladw 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 400024120 of Punjab National Bank , Mumbaimaladw branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Mumbaimaladw 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 Mumbaimaladw

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 Mumbaimaladw 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. 400024120 is the MICR code of PNB Bank for Mumbaimaladw branch. MICR code for Mumbaimaladw 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 Mumbaimaladw is presented in the table alongside.

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

The MICR code 400024120 is used in RBI cheque clearing process to identify the branch Mumbaimaladw 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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