Let Others Know
×
LinkedIn
Email
WhatsApp

PNB Visakhapatnam Vishakapatnam Andhra Pradesh MICR CODE

Find MICR Codes for PNB Visakhapatnam Vishakapatnam Andhra Pradesh

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Daba Gardens
Contact 0891-2734196,2734181, D N Ambedkar
Bank Details Punjab National Bank Daba Gardens PUNB0424400
Location Visakhapatnam, Vishakapatnam
City Visakhapatnam
District Vishakapatnam
State Andhra Pradesh
Pincode 530020
Country IN
Address Kn towers, 1st floor, near saraswati park, daba gardens, main road, vishakhapatnam, andra pradesh- 530020
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 530024003 for Daba Gardens 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 530024003 of Punjab National Bank , Daba Gardens branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Daba Gardens branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Daba Gardens

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 Daba Gardens 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. 530024003 is the MICR code of PNB Bank for Daba Gardens branch. MICR code for Daba Gardens 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 Daba Gardens is presented in the table alongside.

Use of Punjab National Bank MICR code for Daba Gardens branch in visakhapatnam

The MICR code 530024003 is used in RBI cheque clearing process to identify the branch Daba Gardens 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.