Punjab State Coop Bank Chandigarh Chandigarh Punjab MICR CODE

Find MICR Codes for Punjab State Coop Bank Chandigarh Chandigarh Punjab

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MICR Code
Bank The Punjab State Cooperative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Branch Office Fortyfour
Contact 172-5061410
Bank Details The Punjab State Cooperative Bank Ltd Branch Office Fortyfour TPSC0000015
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Punjab
Pincode
Country IN
Address Sco.362, sector. 44-d
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 160350015 for Branch Office Fortyfour 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 160350015 of Punjab State Coop Bank, Branch Office Fortyfour branch makes the system almost error free and faster. Use of Punjab State Coop Bank MICR codes for Branch Office Fortyfour branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab State Coop Bank Branch Office Fortyfour

Punjab State Coop Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Punjab State Coop Bank MICR code for Branch Office Fortyfour 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. 160350015 is the MICR code of Punjab State Coop Bank for Branch Office Fortyfour branch. MICR code for Branch Office Fortyfour 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 State Coop Bank Branch Office Fortyfour is presented in the table alongside.

Use of Punjab State Coop Bank MICR code for Branch Office Fortyfour branch in chandigarh

The MICR code 160350015 is used in RBI cheque clearing process to identify the branch Branch Office Fortyfour and Punjab State Coop 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 Punjab State Coop Bank is typically in either of these two font’s: E-138 and CMC-7.

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