Let Others Know
×
LinkedIn
Email
WhatsApp

PNB Mandi Mandi Himachal Pradesh MICR CODE

Find MICR Codes for PNB Mandi Mandi Himachal Pradesh

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Iit Kamand (Hp)
Contact
Bank Details Punjab National Bank Iit Kamand (Hp) PUNB0731500
Location Mandi, Mandi
City Mandi
District Mandi
State Himachal Pradesh
Pincode 175005
Country IN
Address Opp admin block iit campus vill & post kamand mandi himachal pradesh- 175005
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 Iit Kamand (Hp) 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 , Iit Kamand (Hp) branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Iit Kamand (Hp) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Iit Kamand (Hp)

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 Iit Kamand (Hp) 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 Iit Kamand (Hp) branch. MICR code for Iit Kamand (Hp) 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 Iit Kamand (Hp) is presented in the table alongside.

Use of Punjab National Bank MICR code for Iit Kamand (Hp) branch in mandi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Iit Kamand (Hp) 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.