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PNB Lahora Chandigarh Chandigarh MICR CODE

Find MICR Codes for PNB Lahora Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

MICR Code	160024000
Bank	Punjab National Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Khuda Lahora
Contact	0172-2789271 Sanjay
Bank Details	Punjab National Bank Khuda Lahora PUNB0117200

Location	Lahora, Chandigarh
City	Lahora
District	Chandigarh
State	Chandigarh
Pincode	160014
Country	IN
Address	Khuda lahora, chandigarh

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 160024000 for Khuda Lahora 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 160024000 of Punjab National Bank , Khuda Lahora branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Khuda Lahora 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 -

>>Khuda Lahora

MICR code for PNB Khuda Lahora

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 Khuda Lahora 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. 160024000 is the MICR code of PNB Bank for Khuda Lahora branch. MICR code for Khuda Lahora 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 Khuda Lahora is presented in the table alongside.

Use of Punjab National Bank MICR code for Khuda Lahora branch in lahora

The MICR code 160024000 is used in RBI cheque clearing process to identify the branch Khuda Lahora 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.