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PNB Baloda Bazar Raipur Chhattisgarh MICR CODE

Find MICR Codes for PNB Baloda Bazar Raipur Chhattisgarh

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Baloda Bazar
Contact 8085920015
Bank Details Punjab National Bank Baloda Bazar PUNB0725100
Location Baloda Bazar, Raipur
City Baloda Bazar
District Raipur
State Chhattisgarh
Pincode 493332
Country IN
Address Civil lines near police station baloda bazar balda 493332 chhattisgarh
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 Baloda Bazar 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 , Baloda Bazar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Baloda Bazar 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 -

>>Baloda Bazar

MICR code for PNB Baloda Bazar

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 Baloda Bazar 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 Baloda Bazar branch. MICR code for Baloda Bazar 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 Baloda Bazar is presented in the table alongside.

Use of Punjab National Bank MICR code for Baloda Bazar branch in baloda bazar

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