PNB Thane Thane Maharashtra MICR CODE

Find MICR Codes for PNB Thane Thane Maharashtra

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Thane Nalasopara
Contact 250-51
Bank Details Punjab National Bank Thane Nalasopara PUNB0055910
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 401202
Country IN
Address Hall-a , rashmi resid vasai (e) 401202
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 Thane Nalasopara 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 , Thane Nalasopara branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Thane Nalasopara branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Thane Nalasopara

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 Thane Nalasopara 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 Thane Nalasopara branch. MICR code for Thane Nalasopara 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 Thane Nalasopara is presented in the table alongside.

Use of Punjab National Bank MICR code for Thane Nalasopara branch in thane

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