MICR codes for Punjab And Maharashtra Bank in Madhya Pradesh are given in the table alongside. Address, contact numbers and other details are also provided along with the MICR code. Narrow down your search either by selecting any particular district from the drop down list or by selecting the district from Punjab Maharashtra Bank MICR codes list given on the right side. One can find MICR codes for all Punjab And Maharashtra Coop Bank branches in Madhya Pradesh here.
Punjab And Maharashtra Bank MICR code in Madhya Pradesh state is a standard 9 digit code printed on cheques using a special type of ink. This ink or toner is magnetic and contains iron oxide. Punjab Maharashtra Bank MICR number includes the document type indicator, bank code, cheque number, etc. This code is used to identify bank and account information to which the cheque belongs. The main purpose of Punjab And Maharashtra Coop Bank MICR code for Madhya Pradesh branches is to make clearance process of cheques faster and without errors.
The Punjab Maharashtra Bank MICR code for Madhya Pradesh branches allows the cheque information to be read automatically by passing it before an MICR reader. Each character produces a specific pattern which can be easily identified. Punjab And Maharashtra Bank Madhya Pradesh MICR code uses typically either of these two fonts E-138 and CMC-7. The MICR technology makes the characters legible even if they are obscured by stamps and signatures. This code is used By RBI (Reserve bank Of India) in clearing process to identify the branch and bank. The principal purpose of Punjab And Maharashtra Coop Bank MICR code for Madhya Pradesh branches is to print accounting and routing information on cheques and other documents in a machine readable format in order to speed up the clearing process.