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	160350016
Bank	The Punjab State Cooperative Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Branch Office Fortyseven
Contact	172-5061419
Bank Details	The Punjab State Cooperative Bank Ltd Branch Office Fortyseven TPSC0000016

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Punjab
Pincode
Country	IN
Address	Sco.60, sector 47-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 160350016 for Branch Office Fortyseven 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 160350016 of Punjab State Coop Bank, Branch Office Fortyseven branch makes the system almost error free and faster. Use of Punjab State Coop Bank MICR codes for Branch Office Fortyseven branch, makes the characters readable even if there are other marks and stamps on it.

A total of 21 branches of The Punjab State Cooperative Bank Ltd are available with micr code -

>>Branch Office Eight >>Branch Office Forty >>Branch Office Fortyfour >>Branch Office Fortyseven >>Branch Office Main Sectt >>Branch Office Manimajra >>Branch Office Ram Darbar >>Branch Office Seventeen >>Branch Office Thirty >>Branch Office Thirtyeight >>Branch Office Thirtyfive >>Branch Office Thirtyfour >>Branch Office Thirtyseven >>Branch Office Thirtysix >>Branch Office Thirtytwo >>Branch Office Twentyseven >>Branch Office Twentytwo >>Head Office Branch >>Mini Sectt Extn Counter >>Neft Service Branch >>Rtgsho

MICR code for Punjab State Coop Bank Branch Office Fortyseven

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 Fortyseven 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. 160350016 is the MICR code of Punjab State Coop Bank for Branch Office Fortyseven branch. MICR code for Branch Office Fortyseven 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 Fortyseven is presented in the table alongside.

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

The MICR code 160350016 is used in RBI cheque clearing process to identify the branch Branch Office Fortyseven 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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