PNB Sagar Sagar Madhya Pradesh MICR CODE

Find MICR Codes for PNB Sagar Sagar Madhya Pradesh

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MICR Code	-NA-
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	Sagar
Contact	7582-2396050
Bank Details	Punjab National Bank Sagar PUNB0217620

Location	Sagar, Sagar
City	Sagar
District	Sagar
State	Madhya Pradesh
Pincode	470001
Country	IN
Address	Opp. Siddhi vinayak hospital, tilli main road, tilli ward, sagar, pin - 470001

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 0 for Sagar 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 0 of Punjab National Bank , Sagar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Sagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Punjab National Bank are available with micr code -

>>Bo Katra Bazar Sagar Currency Chest(Mp) >>Katra Bazar Saugor >>Sadar Bazar >>Sagar >>Sagar 36 Infantry Div(Hawk) >>Sagar Cantt >>Sagarmp

MICR code for PNB Sagar

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 Sagar 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. 0 is the MICR code of PNB Bank for Sagar branch. MICR code for Sagar 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 Sagar is presented in the table alongside.

Use of Punjab National Bank MICR code for Sagar branch in sagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sagar 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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