Punjab And Maharashtra Bank Mapusa Pedem North Goa Goa MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Mapusa Pedem North Goa Goa

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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 Mapusa Pedem
Contact 8380013519 / 24
Bank Details Punjab And Maharashtra Co-Op Bank Ltd Mapusa Pedem PMCB0000295
Location Mapusa Pedem, North Goa
City Mapusa Pedem
District North Goa
State Goa
Pincode 403507
Country IN
Address Shop no s- 4a/4b ,vincy plaza, opp. District hospital, peddem-mapusa, goa- 403507
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 Mapusa Pedem 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, Mapusa Pedem branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Mapusa Pedem 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 -

>>Mapusa Pedem

MICR code for Punjab And Maharashtra Bank Mapusa Pedem

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 Mapusa Pedem 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 Mapusa Pedem branch. MICR code for Mapusa Pedem 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 Mapusa Pedem is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Mapusa Pedem branch in mapusa pedem

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mapusa Pedem 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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