Punjab And Maharashtra Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Mumbai Greater Bombay Maharashtra

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MICR Code	400328074
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	Dharavi
Contact	9619850487
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Dharavi PMCB0000074

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400050
Country	IN
Address	First floor dhuri towers building no 1 wing a 90 ft road dharavi mumbai 400017

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 400328074 for Dharavi 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 400328074 of Punjab Maharashtra Bank, Dharavi branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Dharavi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 19 branches of Punjab And Maharashtra Co-Op Bank Ltd are available with micr code -

>>Andheri East >>Bhandup West >>Bhaynder East >>Borivali East >>Borivali West >>Credit Card Division >>Dharavi >>Ghansoli >>Ghatkopar West >>Goregaon East >>Goregaon West >>Gurudwara Raoli Camp >>Internet Banking Division >>Jogeshwari East >>Kharghar >>Malad West >>Parel >>Quarry Road Bhandup West >>Vikhroli West

MICR code for Punjab And Maharashtra Bank Dharavi

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 Dharavi 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. 400328074 is the MICR code of Punjab And Maharashtra Coop Bank for Dharavi branch. MICR code for Dharavi 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 Dharavi is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Dharavi branch in mumbai

The MICR code 400328074 is used in RBI cheque clearing process to identify the branch Dharavi 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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