PNB Pune Pune Maharashtra MICR CODE

Find MICR Codes for PNB Pune Pune Maharashtra

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pune Satara Road
Contact 020-4218377,4218352 Rajesh Kumar
Bank Details Punjab National Bank Pune Satara Road PUNB0398400
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411037
Country IN
Address Pushpa heights,bibvewadi corner, pune 411037
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 411024013 for Pune Satara Road 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 411024013 of Punjab National Bank , Pune Satara Road branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Pune Satara Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Pune Satara Road

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 Satara Road 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. 411024013 is the MICR code of PNB Bank for Pune Satara Road branch. MICR code for Pune Satara Road 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 Satara Road is presented in the table alongside.

Use of Punjab National Bank MICR code for Pune Satara Road branch in pune

The MICR code 411024013 is used in RBI cheque clearing process to identify the branch Pune Satara Road 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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