PNB Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for PNB Nashik Nashik Maharashtra

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nasik City
Contact 0253-2502848 Ss Shinde
Bank Details Punjab National Bank Nasik City PUNB0036200
Location Nashik, Nashik
City Nashik
District Nashik
State Maharashtra
Pincode 422002
Country IN
Address Ravivar karanja, nasik city, distt. Nasik, maharashtra
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 422024002 for Nasik City 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 422024002 of Punjab National Bank , Nasik City branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Nasik City 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 -

>>Circle Sastra Centre Nashik >>Mahatma Nagar Nasik >>Nasik City >>Nasik Road Muktidham >>Ozar Dist. Nasik >>Sharanpur Road

MICR code for PNB Nasik City

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 Nasik City 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. 422024002 is the MICR code of PNB Bank for Nasik City branch. MICR code for Nasik City 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 Nasik City is presented in the table alongside.

Use of Punjab National Bank MICR code for Nasik City branch in nashik

The MICR code 422024002 is used in RBI cheque clearing process to identify the branch Nasik City 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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