Punjab And Sind Bank Bareilly Bareilly Uttar Pradesh MICR CODE

Find MICR Codes for Punjab And Sind Bank Bareilly Bareilly Uttar Pradesh

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MICR Code	243023003
Bank	Punjab And Sind Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bareilly Model Town
Contact	0581-2533688
Bank Details	Punjab And Sind Bank Bareilly Model Town PSIB0000726

Location	Bareilly, Bareilly
City	Bareilly
District	Bareilly
State	Uttar Pradesh
Pincode	243122
Country	IN
Address	21 a model town bareilly-243122

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 243023003 for Bareilly Model Town 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 243023003 of Punjab Sind Bank, Bareilly Model Town branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Bareilly Model Town branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Punjab And Sind Bank are available with micr code -

>>Bareilly >>Bareilly Model Town >>Cenmarg Bareilly >>Civil Line Bareilly >>Dhaura Tanda >>Dhaurera Mafi >>Gausganj Sarai >>Gularia Raskul Nisha >>Guru Amardas Charitable Hospital >>Parsakheda

MICR code for Punjab And Sind Bank Bareilly Model Town

Punjab And Sind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Punjab Sind Bank MICR code for Bareilly Model Town 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. 243023003 is the MICR code of PSB Bank for Bareilly Model Town branch. MICR code for Bareilly Model Town 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 Sind Bank Bareilly Model Town is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Bareilly Model Town branch in bareilly

The MICR code 243023003 is used in RBI cheque clearing process to identify the branch Bareilly Model Town and Punjab Sind 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 PSB Bank is typically in either of these two font’s: E-138 and CMC-7.

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