Parsik Janata Sahakari Bank Raigad Panvel Maharashtra MICR CODE

Find MICR Codes for Parsik Janata Sahakari Bank Raigad Panvel Maharashtra

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MICR Code
Bank Parsik Janata Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ulwe
Contact 25456500
Bank Details Parsik Janata Sahakari Bank Ltd Ulwe PJSB0000047
Location Raigad, Panvel
City Raigad
District Panvel
State Maharashtra
Pincode 402303
Country IN
Address Shop no. 4 & 5, ground floor, kk landmark building, plot no. 82, sector - 23e, ulwe, tal. Panvel, dist. Raigad - 402303
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 400312046 for Ulwe 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 400312046 of Parsik Janata Bank, Ulwe branch makes the system almost error free and faster. Use of Parsik Janata Bank MICR codes for Ulwe branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Parsik Janata Sahakari Bank Ltd are available with micr code -

>>Ulwe

MICR code for Parsik Janata Sahakari Bank Ulwe

Parsik Janata Sahakari Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Parsik Janata Bank MICR code for Ulwe 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. 400312046 is the MICR code of Parsik Bank for Ulwe branch. MICR code for Ulwe 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 Parsik Janata Bank Ulwe is presented in the table alongside.

Use of Parsik Janata Bank MICR code for Ulwe branch in raigad

The MICR code 400312046 is used in RBI cheque clearing process to identify the branch Ulwe and Parsik Janata 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 Parsik Bank is typically in either of these two font’s: E-138 and CMC-7.

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