Punjab And Sind Bank Patna Patna Bihar MICR CODE

Find MICR Codes for Punjab And Sind Bank Patna Patna Bihar

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MICR Code	800023002
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	Fraser Road Patna
Contact	2221850
Bank Details	Punjab And Sind Bank Fraser Road Patna PSIB0000174

Location	Patna, Patna
City	Patna
District	Patna
State	Bihar
Pincode	800001
Country	IN
Address	42, fraser road, patna

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 800023002 for Fraser Road Patna 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 800023002 of Punjab Sind Bank, Fraser Road Patna branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Fraser Road Patna branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Punjab And Sind Bank are available with micr code -

>>Fraser Road Patna >>Patna Central School >>Patna City >>R.K.Avenue Patna Bihar

MICR code for Punjab And Sind Bank Fraser Road Patna

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 Fraser Road Patna 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. 800023002 is the MICR code of PSB Bank for Fraser Road Patna branch. MICR code for Fraser Road Patna 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 Fraser Road Patna is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Fraser Road Patna branch in patna

The MICR code 800023002 is used in RBI cheque clearing process to identify the branch Fraser Road Patna 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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