PNB Pune Pune Maharashtra MICR CODE

Find MICR Codes for PNB Pune Pune Maharashtra

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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	Wagholi
Contact	0-9021888732
Bank Details	Punjab National Bank Wagholi PUNB0208910

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	412207
Country	IN
Address	Plot-2&3,shiva palace chs,bakori rd,wagholi 412207

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

A total of 58 branches of Punjab National Bank are available with micr code -

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MICR code for PNB Wagholi

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 Wagholi 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 Wagholi branch. MICR code for Wagholi 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 Wagholi is presented in the table alongside.

Use of Punjab National Bank MICR code for Wagholi branch in pune

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