Punjab And Maharashtra Bank Navi Mumbai Thane Maharashtra MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Navi Mumbai Thane Maharashtra

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MICR Code	400328018
Bank	Punjab And Maharashtra Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Airoli
Contact	27604968/27604907
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Airoli PMCB0000018

Location	Navi Mumbai, Thane
City	Navi Mumbai
District	Thane
State	Maharashtra
Pincode	400708
Country	IN
Address	Shreeji dham, plot no.7, sector - 7, airoli, navi - mumbai

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 400328018 for Airoli 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 400328018 of Punjab Maharashtra Bank, Airoli branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Airoli branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Punjab And Maharashtra Co-Op Bank Ltd are available with micr code -

>>Airoli >>Kopar Khairne >>Nerul East >>Vashi

MICR code for Punjab And Maharashtra Bank Airoli

Punjab And Maharashtra Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Punjab Maharashtra Bank MICR code for Airoli 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. 400328018 is the MICR code of Punjab And Maharashtra Coop Bank for Airoli branch. MICR code for Airoli 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 Maharashtra Bank Airoli is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Airoli branch in navi mumbai

The MICR code 400328018 is used in RBI cheque clearing process to identify the branch Airoli and Punjab Maharashtra 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 And Maharashtra Coop Bank is typically in either of these two font’s: E-138 and CMC-7.

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