PNB Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for PNB Chennai Chennai Tamil Nadu

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MICR Code	600024018
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	Park Town
Contact	044-25353678, Mr.H.Shankar
Bank Details	Punjab National Bank Park Town PUNB0197000

Location	Chennai, Chennai
City	Chennai
District	Chennai
State	Tamil Nadu
Pincode	600003
Country	IN
Address	255, mint street, park town, chennai – 600 003

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 600024018 for Park Town 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 600024018 of Punjab National Bank , Park Town branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Park Town branch, makes the characters readable even if there are other marks and stamps on it.

A total of 95 branches of Punjab National Bank are available with micr code -

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MICR code for PNB Park Town

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 Park Town 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. 600024018 is the MICR code of PNB Bank for Park Town branch. MICR code for Park Town 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 Park Town is presented in the table alongside.

Use of Punjab National Bank MICR code for Park Town branch in chennai

The MICR code 600024018 is used in RBI cheque clearing process to identify the branch Park Town 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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