Punjab And Sind Bank Mohali Mohali Punjab MICR CODE

Find MICR Codes for Punjab And Sind Bank Mohali Mohali Punjab

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MICR Code	160023013
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	Mohali Phase 5
Contact	228904
Bank Details	Punjab And Sind Bank Mohali Phase 5 PSIB0000186

Location	Mohali, Mohali
City	Mohali
District	Mohali
State	Punjab
Pincode
Country	IN
Address	S.c.f.-23-25, phase-5, mohali

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 160023013 for Mohali Phase 5 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 160023013 of Punjab Sind Bank, Mohali Phase 5 branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Mohali Phase 5 branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Punjab And Sind Bank are available with micr code -

>>Mohali Phase 5

MICR code for Punjab And Sind Bank Mohali Phase 5

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 Mohali Phase 5 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. 160023013 is the MICR code of PSB Bank for Mohali Phase 5 branch. MICR code for Mohali Phase 5 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 Mohali Phase 5 is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Mohali Phase 5 branch in mohali

The MICR code 160023013 is used in RBI cheque clearing process to identify the branch Mohali Phase 5 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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