Punjab And Maharashtra Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Mumbai Mumbai Maharashtra

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MICR Code	400328009
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	Kandivili
Contact	28876705/6706
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Kandivili PMCB0000009

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400101
Country	IN
Address	Hanuman nagar,akurli rd.,kandivali (e.),mumbai :400101

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 400328009 for Kandivili 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 400328009 of Punjab Maharashtra Bank, Kandivili branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Kandivili branch, makes the characters readable even if there are other marks and stamps on it.

A total of 14 branches of Punjab And Maharashtra Co-Op Bank Ltd are available with micr code -

>>Andheri >>Bandra >>Bhandup >>Carnac >>Chembur >>Dadar >>Fort >>Ghatkopar >>Kandivili >>Mulund >>Oshiwara >>Sion >>Versova >>Vikhroli

MICR code for Punjab And Maharashtra Bank Kandivili

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 Kandivili 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. 400328009 is the MICR code of Punjab And Maharashtra Coop Bank for Kandivili branch. MICR code for Kandivili 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 Kandivili is presented in the table alongside.

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

The MICR code 400328009 is used in RBI cheque clearing process to identify the branch Kandivili 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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