Punjab And Sind Bank Kolkata Kolkata West Bengal MICR CODE

Find MICR Codes for Punjab And Sind Bank Kolkata Kolkata West Bengal

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MICR Code	700023007
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	Ibd Kolkata
Contact	22104357
Bank Details	Punjab And Sind Bank Ibd Kolkata PSIB0000562

Location	Kolkata, Kolkata
City	Kolkata
District	Kolkata
State	West Bengal
Pincode	700001
Country	IN
Address	14/15 old court house st. Kolkata-700001

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 700023007 for Ibd Kolkata 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 700023007 of Punjab Sind Bank, Ibd Kolkata branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Ibd Kolkata branch, makes the characters readable even if there are other marks and stamps on it.

A total of 16 branches of Punjab And Sind Bank are available with micr code -

>>Bansdroni Kolkata >>Birati Mahajati Vidya Mandir Kolkata >>Cenmarg Kolkata >>Chowringhee Kolkata >>Dunlop Bridge Kolkata >>Ibd Kolkata >>Kalakar Street >>Khiderpore >>Kolkata Main >>Kolkatta New Alipore >>Lake Town Kolkata >>Lindsay Street Kolkata >>N.S. Road Kolkata >>Salt Lake Kolkata >>Spl Retail Lending Br Kolkata >>Tangra Road Kolkata

MICR code for Punjab And Sind Bank Ibd Kolkata

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 Ibd Kolkata 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. 700023007 is the MICR code of PSB Bank for Ibd Kolkata branch. MICR code for Ibd Kolkata 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 Ibd Kolkata is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Ibd Kolkata branch in kolkata

The MICR code 700023007 is used in RBI cheque clearing process to identify the branch Ibd Kolkata 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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