Let Others Know
×
LinkedIn
Email
WhatsApp

PNB Balia Aurangabad Bihar MICR CODE

Find MICR Codes for PNB Balia Aurangabad Bihar

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Balia
Contact Ajoy Kumar Dasgupta 9431068788
Bank Details Punjab National Bank Balia PUNB0276700
Location Balia, Aurangabad
City Balia
District Aurangabad
State Bihar
Pincode 824101
Country IN
Address Balia, distt. Aurangabad bihar 824101
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 Balia 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 , Balia branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Balia 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 -

>>Balia

MICR code for PNB Balia

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 Balia 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 Balia branch. MICR code for Balia 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 Balia is presented in the table alongside.

Use of Punjab National Bank MICR code for Balia branch in balia

The MICR code 0 is used in RBI cheque clearing process to identify the branch Balia 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.