Punjab And Maharashtra Bank Shivaji Nagar Nashik Maharashtra MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Shivaji Nagar Nashik Maharashtra

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MICR Code	422328003
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	Nashik Shivaji Nagar
Contact	0253-2415968/69
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Nashik Shivaji Nagar PMCB0000253

Location	Shivaji Nagar, Nashik
City	Shivaji Nagar
District	Nashik
State	Maharashtra
Pincode	422006
Country	IN
Address	Shop n. G-10a, g-10b, suyojit arcade, bodhale nagar,nashik pune road, shivaji nagar,nashik, city : nashik, state : maharashtra, pin : 422 006.

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 422328003 for Nashik Shivaji Nagar 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 422328003 of Punjab Maharashtra Bank, Nashik Shivaji Nagar branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Nashik Shivaji Nagar 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 -

>>Nashik Shivaji Nagar

MICR code for Punjab And Maharashtra Bank Nashik Shivaji Nagar

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 Nashik Shivaji Nagar 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. 422328003 is the MICR code of Punjab And Maharashtra Coop Bank for Nashik Shivaji Nagar branch. MICR code for Nashik Shivaji Nagar 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 Nashik Shivaji Nagar is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Nashik Shivaji Nagar branch in shivaji nagar

The MICR code 422328003 is used in RBI cheque clearing process to identify the branch Nashik Shivaji Nagar 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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