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PNB Islamnagar Budaun Uttar Pradesh MICR CODE

Find MICR Codes for PNB Islamnagar Budaun Uttar Pradesh

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Islam Nagar Distt Budaun
Contact Leela Dhar 05834-245246
Bank Details Punjab National Bank Islam Nagar Distt Budaun PUNB0615500
Location Islamnagar, Budaun
City Islamnagar
District Budaun
State Uttar Pradesh
Pincode 202423
Country IN
Address Islam nagar distt budaun up 202423
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 Islam Nagar Distt Budaun 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 , Islam Nagar Distt Budaun branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Islam Nagar Distt Budaun 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 -

>>Islam Nagar Distt Budaun

MICR code for PNB Islam Nagar Distt Budaun

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 Islam Nagar Distt Budaun 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 Islam Nagar Distt Budaun branch. MICR code for Islam Nagar Distt Budaun 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 Islam Nagar Distt Budaun is presented in the table alongside.

Use of Punjab National Bank MICR code for Islam Nagar Distt Budaun branch in islamnagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Islam Nagar Distt Budaun 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.