PNB Solan Solan Himachal Pradesh MICR CODE

Find MICR Codes for PNB Solan Solan Himachal Pradesh

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MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch The Mall Solan
Contact 01792-223659,223654, Sham Sunder Setia
Bank Details Punjab National Bank The Mall Solan PUNB0043300
Location Solan, Solan
City Solan
District Solan
State Himachal Pradesh
Pincode 173212
Country IN
Address The mall, solan, hp 173212
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 173024002 for The Mall Solan 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 173024002 of Punjab National Bank , The Mall Solan branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for The Mall Solan branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB The Mall Solan

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 The Mall Solan 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. 173024002 is the MICR code of PNB Bank for The Mall Solan branch. MICR code for The Mall Solan 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 The Mall Solan is presented in the table alongside.

Use of Punjab National Bank MICR code for The Mall Solan branch in solan

The MICR code 173024002 is used in RBI cheque clearing process to identify the branch The Mall Solan 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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