Punjab And Sind Bank Faridkot Faridkot Punjab MICR CODE

Find MICR Codes for Punjab And Sind Bank Faridkot Faridkot Punjab

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MICR Code
Bank Punjab And Sind Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Faridkot Dashmesh Public School
Contact 01639-504008 / 01639-250919
Bank Details Punjab And Sind Bank Faridkot Dashmesh Public School PSIB0000752
Location Faridkot, Faridkot
City Faridkot
District Faridkot
State Punjab
Pincode 151203
Country IN
Address Talwandi road faridkot-151203, distt. Faridkot, punjab - 151203
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 151023602 for Faridkot Dashmesh Public School 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 151023602 of Punjab Sind Bank, Faridkot Dashmesh Public School branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Faridkot Dashmesh Public School branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab And Sind Bank Faridkot Dashmesh Public School

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 Faridkot Dashmesh Public School 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. 151023602 is the MICR code of PSB Bank for Faridkot Dashmesh Public School branch. MICR code for Faridkot Dashmesh Public School 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 Faridkot Dashmesh Public School is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Faridkot Dashmesh Public School branch in faridkot

The MICR code 151023602 is used in RBI cheque clearing process to identify the branch Faridkot Dashmesh Public School 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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