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PNB Faizabad Faizabad Uttar Pradesh MICR CODE

Find MICR Codes for PNB Faizabad Faizabad Uttar Pradesh

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Faizabad Chowk
Contact 05278-227080,220520 B.B.Srivastava
Bank Details Punjab National Bank Faizabad Chowk PUNB0016600
Location Faizabad, Faizabad
City Faizabad
District Faizabad
State Uttar Pradesh
Pincode 224001
Country IN
Address Bazaza chowk, faizabad, up 224001
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 Faizabad Chowk 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 , Faizabad Chowk branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Faizabad Chowk branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Faizabad Chowk

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 Faizabad Chowk 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 Faizabad Chowk branch. MICR code for Faizabad Chowk 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 Faizabad Chowk is presented in the table alongside.

Use of Punjab National Bank MICR code for Faizabad Chowk branch in faizabad

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