PNB Pune Pune Maharashtra MICR CODE

Find MICR Codes for PNB Pune Pune Maharashtra

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MICR Code	411024005
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	Pune Bhosari Industrial Esta
Contact	020-27192296,20924 Shamrao G Nikalje
Bank Details	Punjab National Bank Pune Bhosari Industrial Esta PUNB0291900

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411039
Country	IN
Address	Landewadi,bhosari industrial estate, pune, maharashtra - 29

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.

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Pune Bhosari Industrial Esta (411024005)

How does MICR code 411024005 for Pune Bhosari Industrial Esta 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 411024005 of Punjab National Bank , Pune Bhosari Industrial Esta branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Pune Bhosari Industrial Esta branch, makes the characters readable even if there are other marks and stamps on it.

A total of 57 branches of Punjab National Bank are available with micr code -

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MICR code for PNB Pune Bhosari Industrial Esta

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 Pune Bhosari Industrial Esta 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. 411024005 is the MICR code of PNB Bank for Pune Bhosari Industrial Esta branch. MICR code for Pune Bhosari Industrial Esta 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 Pune Bhosari Industrial Esta is presented in the table alongside.

Use of Punjab National Bank MICR code for Pune Bhosari Industrial Esta branch in pune

The MICR code 411024005 is used in RBI cheque clearing process to identify the branch Pune Bhosari Industrial Esta 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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