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 Thirtyfive
Contact 172-5061418
Bank Details The Punjab State Cooperative Bank Ltd Branch Office Thirtyfive TPSC0000011
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Punjab
Pincode
Country IN
Address Sco.451-452, sector 35-c
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 160350010 for Branch Office Thirtyfive 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 160350010 of Punjab State Coop Bank, Branch Office Thirtyfive branch makes the system almost error free and faster. Use of Punjab State Coop Bank MICR codes for Branch Office Thirtyfive branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab State Coop Bank Branch Office Thirtyfive

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 Thirtyfive 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. 160350010 is the MICR code of Punjab State Coop Bank for Branch Office Thirtyfive branch. MICR code for Branch Office Thirtyfive 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 Thirtyfive is presented in the table alongside.

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

The MICR code 160350010 is used in RBI cheque clearing process to identify the branch Branch Office Thirtyfive 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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