Punjab And Sind Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Punjab And Sind Bank Bangalore Bangalore Urban Karnataka

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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	Indira Nagar
Contact	9845626651
Bank Details	Punjab And Sind Bank Indira Nagar PSIB0021403

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560038
Country	IN
Address	No.1312, gf, indira nagar, double road, 2nd stage, bangalore, karnataka-560038

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

A total of 5 branches of Punjab And Sind Bank are available with micr code -

>>Bannerghatta Road Bangalore >>Chickpet Bangalore >>Indira Nagar >>Spl Lending Br Bangaluru >>Ulsoor

MICR code for Punjab And Sind Bank Indira Nagar

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 Indira Nagar 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 Indira Nagar branch. MICR code for Indira Nagar 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 Indira Nagar is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Indira Nagar branch in bangalore

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