PNB Kolhapur Rendal Maharashtra MICR CODE

Find MICR Codes for PNB Kolhapur Rendal Maharashtra

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rendal Maharashtra
Contact 9420458427
Bank Details Punjab National Bank Rendal Maharashtra PUNB0998600
Location Kolhapur, Rendal
City Kolhapur
District Rendal
State Maharashtra
Pincode 416203
Country IN
Address C/o vidya rajendra pawar hindu chk main road rendal tah hatakanangle maharashtra 416203
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 416024003 for Rendal Maharashtra 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 416024003 of Punjab National Bank , Rendal Maharashtra branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Rendal Maharashtra branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Punjab National Bank are available with micr code -

>>Rendal Maharashtra

MICR code for PNB Rendal Maharashtra

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 Rendal Maharashtra 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. 416024003 is the MICR code of PNB Bank for Rendal Maharashtra branch. MICR code for Rendal Maharashtra 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 Rendal Maharashtra is presented in the table alongside.

Use of Punjab National Bank MICR code for Rendal Maharashtra branch in kolhapur

The MICR code 416024003 is used in RBI cheque clearing process to identify the branch Rendal Maharashtra 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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