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 Mini Sectt Extn Counter
Contact 172-5071497
Bank Details The Punjab State Cooperative Bank Ltd Mini Sectt Extn Counter TPSC0000020
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Punjab
Pincode
Country IN
Address Mini sectt punjab sector 9
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 Mini Sectt Extn Counter 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 State Coop Bank, Mini Sectt Extn Counter branch makes the system almost error free and faster. Use of Punjab State Coop Bank MICR codes for Mini Sectt Extn Counter branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab State Coop Bank Mini Sectt Extn Counter

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 Mini Sectt Extn Counter 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 Punjab State Coop Bank for Mini Sectt Extn Counter branch. MICR code for Mini Sectt Extn Counter 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 Mini Sectt Extn Counter is presented in the table alongside.

Use of Punjab State Coop Bank MICR code for Mini Sectt Extn Counter branch in chandigarh

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mini Sectt Extn Counter 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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