Punjab And Maharashtra Bank Hinjewadi Pune Maharashtra MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Hinjewadi Pune Maharashtra

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MICR Code
Bank Punjab And Maharashtra Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hinjewadi Pune
Contact 020-65310666/0888
Bank Details Punjab And Maharashtra Co-Op Bank Ltd Hinjewadi Pune PMCB0000246
Location Hinjewadi, Pune
City Hinjewadi
District Pune
State Maharashtra
Pincode
Country IN
Address Survey no.145, upper ground floor, shivaji chowk, hinjewadi, mulshi, city : pune, state : maharashtra
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 411026267 for Hinjewadi Pune 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 411026267 of Punjab Maharashtra Bank, Hinjewadi Pune branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Hinjewadi Pune branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Punjab And Maharashtra Co-Op Bank Ltd are available with micr code -

>>Hinjewadi Pune

MICR code for Punjab And Maharashtra Bank Hinjewadi Pune

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 Hinjewadi Pune 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. 411026267 is the MICR code of Punjab And Maharashtra Coop Bank for Hinjewadi Pune branch. MICR code for Hinjewadi Pune 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 Hinjewadi Pune is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Hinjewadi Pune branch in hinjewadi

The MICR code 411026267 is used in RBI cheque clearing process to identify the branch Hinjewadi Pune 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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