Punjab And Maharashtra Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Indore Indore Madhya Pradesh

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MICR Code	-NA-
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	Bhanwarkua Indore
Contact	9 ASHOK NAGAR BHAWARKUA MAIN ROAD INDORE MADHYA PRADESH 452001
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Bhanwarkua Indore PMCB0000571

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452010
Country	IN
Address	9406631862

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

A total of 2 branches of Punjab And Maharashtra Co-Op Bank Ltd are available with micr code -

>>Bhanwarkua Indore >>Vijaynagar Indore

MICR code for Punjab And Maharashtra Bank Bhanwarkua Indore

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 Bhanwarkua Indore 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 And Maharashtra Coop Bank for Bhanwarkua Indore branch. MICR code for Bhanwarkua Indore 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 Bhanwarkua Indore is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Bhanwarkua Indore branch in indore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bhanwarkua Indore 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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