Punjab And Sind Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Punjab And Sind Bank Delhi Delhi New Delhi

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MICR Code	-NA-
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	Inderlok
Contact
Bank Details	Punjab And Sind Bank Inderlok PSIB0021216

Location	Delhi, Delhi
City	Delhi
District	Delhi
State	New Delhi
Pincode	110035
Country	IN
Address	129, ground floor, anand nagar, inderlok, new delhi-110035

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 0 for Inderlok 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 0 of Punjab Sind Bank, Inderlok branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Inderlok branch, makes the characters readable even if there are other marks and stamps on it.

A total of 73 branches of Punjab And Sind Bank are available with micr code -

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MICR code for Punjab And Sind Bank Inderlok

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 Inderlok 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. 0 is the MICR code of PSB Bank for Inderlok branch. MICR code for Inderlok 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 Inderlok is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Inderlok branch in delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Inderlok 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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