Punjab And Sind Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Punjab And Sind Bank Nagpur Nagpur Maharashtra

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MICR Code	440023002
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	Nagpur
Contact	0712-5614719
Bank Details	Punjab And Sind Bank Nagpur PSIB0000283

Location	Nagpur, Nagpur
City	Nagpur
District	Nagpur
State	Maharashtra
Pincode	440001
Country	IN
Address	16 central avenue nagpur

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 440023002 for Nagpur 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 440023002 of Punjab Sind Bank, Nagpur branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Nagpur 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 -

>>Nagpur

MICR code for Punjab And Sind Bank Nagpur

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 Nagpur 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. 440023002 is the MICR code of PSB Bank for Nagpur branch. MICR code for Nagpur 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 Nagpur is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Nagpur branch in nagpur

The MICR code 440023002 is used in RBI cheque clearing process to identify the branch Nagpur 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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