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PNB Bagalkot Bagalkote Karnataka MICR CODE

Find MICR Codes for PNB Bagalkot Bagalkote Karnataka

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bagalkot
Contact 8354220689
Bank Details Punjab National Bank Bagalkot PUNB0775900
Location Bagalkot, Bagalkote
City Bagalkot
District Bagalkote
State Karnataka
Pincode 587101
Country IN
Address Bvvs shopping comples, near netaji block hostel, vidyagiri main road, bagalkot karnataka 587101
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 Bagalkot 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 National Bank , Bagalkot branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Bagalkot branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Bagalkot

MICR code for PNB Bagalkot

PNB MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Punjab National Bank MICR code for Bagalkot 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 PNB Bank for Bagalkot branch. MICR code for Bagalkot 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 National Bank Bagalkot is presented in the table alongside.

Use of Punjab National Bank MICR code for Bagalkot branch in bagalkot

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bagalkot and Punjab National 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 PNB Bank is typically in either of these two font’s: E-138 and CMC-7.