Punjab And Sind Bank Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for Punjab And Sind Bank Amritsar Amritsar 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 Guru Ram Das Sarai
Contact 0183-2557421
Bank Details Punjab And Sind Bank Guru Ram Das Sarai PSIB0000524
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143001
Country IN
Address Guru ram dass sarai, amritsar-143001
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 143023020 for Guru Ram Das Sarai 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 143023020 of Punjab Sind Bank, Guru Ram Das Sarai branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Guru Ram Das Sarai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab And Sind Bank Guru Ram Das Sarai

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 Guru Ram Das Sarai 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. 143023020 is the MICR code of PSB Bank for Guru Ram Das Sarai branch. MICR code for Guru Ram Das Sarai 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 Guru Ram Das Sarai is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Guru Ram Das Sarai branch in amritsar

The MICR code 143023020 is used in RBI cheque clearing process to identify the branch Guru Ram Das Sarai 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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