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PNB Bangalore Urban Bangalore Karnataka MICR CODE

Find MICR Codes for PNB Bangalore Urban Bangalore Karnataka

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jay Nagar Fifth Block
Contact 8026644566
Bank Details Punjab National Bank Jay Nagar Fifth Block PUNB0592400
Location Bangalore Urban, Bangalore
City Bangalore Urban
District Bangalore
State Karnataka
Pincode 560041
Country IN
Address 159 opp mes ground 36th cross 5th block jay nagar ka banga 560043
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 Jay Nagar Fifth Block 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 , Jay Nagar Fifth Block branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Jay Nagar Fifth Block branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Jay Nagar Fifth Block

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 Jay Nagar Fifth Block 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 Jay Nagar Fifth Block branch. MICR code for Jay Nagar Fifth Block 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 Jay Nagar Fifth Block is presented in the table alongside.

Use of Punjab National Bank MICR code for Jay Nagar Fifth Block branch in bangalore urban

The MICR code 0 is used in RBI cheque clearing process to identify the branch Jay Nagar Fifth Block 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.