Punjab And Sind Bank Thane Thane Maharashtra MICR CODE

Find MICR Codes for Punjab And Sind Bank Thane Thane Maharashtra

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MICR Code	400023016
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	Thane
Contact
Bank Details	Punjab And Sind Bank Thane PSIB0000498

Location	Thane, Thane
City	Thane
District	Thane
State	Maharashtra
Pincode	400002
Country	IN
Address	Tulsi shyam building, teen hath naka thane(west)-400002

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 400023016 for Thane 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 400023016 of Punjab Sind Bank, Thane branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Thane 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 -

>>Thane

MICR code for Punjab And Sind Bank Thane

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 Thane 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. 400023016 is the MICR code of PSB Bank for Thane branch. MICR code for Thane 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 Thane is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Thane branch in thane

The MICR code 400023016 is used in RBI cheque clearing process to identify the branch Thane 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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