PNB Gandhinagar Gandhinagar Gujarat MICR CODE

Find MICR Codes for PNB Gandhinagar Gandhinagar Gujarat

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raysan Distt. Gandhinagar
Contact 79-29288424
Bank Details Punjab National Bank Raysan Distt. Gandhinagar PUNB0195310
Location Gandhinagar, Gandhinagar
City Gandhinagar
District Gandhinagar
State Gujarat
Pincode 382007
Country IN
Address A-001,gd flr,vinayak riverside, vill raysan 382007
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 380024087 for Raysan Distt. Gandhinagar 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 380024087 of Punjab National Bank , Raysan Distt. Gandhinagar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Raysan Distt. Gandhinagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Raysan Distt. Gandhinagar

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 Raysan Distt. Gandhinagar 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. 380024087 is the MICR code of PNB Bank for Raysan Distt. Gandhinagar branch. MICR code for Raysan Distt. Gandhinagar 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 Raysan Distt. Gandhinagar is presented in the table alongside.

Use of Punjab National Bank MICR code for Raysan Distt. Gandhinagar branch in gandhinagar

The MICR code 380024087 is used in RBI cheque clearing process to identify the branch Raysan Distt. Gandhinagar 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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