Punjab And Sind Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for Punjab And Sind Bank Panchkula Panchkula Haryana

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	160023018
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	Sector 16 Panchkula
Contact	0172 572586
Bank Details	Punjab And Sind Bank Sector 16 Panchkula PSIB0000735

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode
Country	IN
Address	S.c.o.-251 sector-16, panchkula

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 160023018 for Sector 16 Panchkula 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 160023018 of Punjab Sind Bank, Sector 16 Panchkula branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Sector 16 Panchkula branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Punjab And Sind Bank are available with micr code -

>>Panchkula >>Panchkula Sector 5 Haryana >>Sector 16 Panchkula

MICR code for Punjab And Sind Bank Sector 16 Panchkula

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 Sector 16 Panchkula 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. 160023018 is the MICR code of PSB Bank for Sector 16 Panchkula branch. MICR code for Sector 16 Panchkula 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 Sector 16 Panchkula is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Sector 16 Panchkula branch in panchkula

The MICR code 160023018 is used in RBI cheque clearing process to identify the branch Sector 16 Panchkula 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.

Copied!