Punjab And Maharashtra Bank Nanded Thane Maharashtra MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Nanded Thane Maharashtra

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MICR Code	-NA-
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	Nanded Main Br.
Contact	02462-264544/45/46
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Nanded Main Br. PMCB0000232

Location	Nanded, Thane
City	Nanded
District	Thane
State	Maharashtra
Pincode	431605
Country	IN
Address	Chatrapati bhavan, bhagya nagar rd, vidyut nagar, nanded

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

>>Nanded Main Br.

MICR code for Punjab And Maharashtra Bank Nanded Main Br.

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 Nanded Main Br. 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 Nanded Main Br. branch. MICR code for Nanded Main Br. 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 Nanded Main Br. is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Nanded Main Br. branch in nanded

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nanded Main Br. 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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