PNB Parwanoo Solan Himachal Pradesh MICR CODE

Find MICR Codes for PNB Parwanoo Solan Himachal Pradesh

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MICR Code	160024032
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	Parwanoo
Contact	01792-233001,232886 Jag Bhushan Sharma
Bank Details	Punjab National Bank Parwanoo PUNB0291200

Location	Parwanoo, Solan
City	Parwanoo
District	Solan
State	Himachal Pradesh
Pincode	173220
Country	IN
Address	Bank square, sector 1, parwanoo, hp - 173220

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 160024032 for Parwanoo 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 160024032 of Punjab National Bank , Parwanoo branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Parwanoo branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Punjab National Bank are available with micr code -

>>Currency Chest Parwanoo >>Parwanoo

MICR code for PNB Parwanoo

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 Parwanoo 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. 160024032 is the MICR code of PNB Bank for Parwanoo branch. MICR code for Parwanoo 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 Parwanoo is presented in the table alongside.

Use of Punjab National Bank MICR code for Parwanoo branch in parwanoo

The MICR code 160024032 is used in RBI cheque clearing process to identify the branch Parwanoo 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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