PNB South New Delhi New Delhi MICR CODE

Find MICR Codes for PNB South New Delhi New Delhi

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch New Delhipanchsheel Park
Contact 11-26490368
Bank Details Punjab National Bank New Delhipanchsheel Park PUNB0021210
Location South, New Delhi
City South
District New Delhi
State New Delhi
Pincode 110017
Country IN
Address 16, shopping centre panchsheel park 110017
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 0 for New Delhipanchsheel Park 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 0 of Punjab National Bank , New Delhipanchsheel Park branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for New Delhipanchsheel Park branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB New Delhipanchsheel Park

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 New Delhipanchsheel Park 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. 0 is the MICR code of PNB Bank for New Delhipanchsheel Park branch. MICR code for New Delhipanchsheel Park 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 New Delhipanchsheel Park is presented in the table alongside.

Use of Punjab National Bank MICR code for New Delhipanchsheel Park branch in south

The MICR code 0 is used in RBI cheque clearing process to identify the branch New Delhipanchsheel Park 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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