Punjab And Maharashtra Bank Bengaluru Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Bengaluru Bangalore Urban Karnataka

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MICR Code	560328011
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	Malleshwaram
Contact	GROUND FLOOR SHANTALA PLAZA 14TH CROSS 8TH MAIN MALLESWARAM BENGALURU 560003
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Malleshwaram PMCB0000331

Location	Bengaluru, Bangalore Urban
City	Bengaluru
District	Bangalore Urban
State	Karnataka
Pincode	560003
Country	IN
Address	9448466472

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 560328011 for Malleshwaram 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 560328011 of Punjab Maharashtra Bank, Malleshwaram branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Malleshwaram 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 -

>>Malleshwaram

MICR code for Punjab And Maharashtra Bank Malleshwaram

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 Malleshwaram 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. 560328011 is the MICR code of Punjab And Maharashtra Coop Bank for Malleshwaram branch. MICR code for Malleshwaram 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 Malleshwaram is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Malleshwaram branch in bengaluru

The MICR code 560328011 is used in RBI cheque clearing process to identify the branch Malleshwaram 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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