PNB Alwar Alwar Rajasthan MICR CODE

Find MICR Codes for PNB Alwar Alwar Rajasthan

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kishangarh Basalwar
Contact 1460-243071
Bank Details Punjab National Bank Kishangarh Basalwar PUNB0170510
Location Alwar, Alwar
City Alwar
District Alwar
State Rajasthan
Pincode 301405
Country IN
Address Alwar rd, opp lakhyani beej bhandar, kishanga 301405
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 301024024 for Kishangarh Basalwar 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 301024024 of Punjab National Bank , Kishangarh Basalwar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Kishangarh Basalwar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Kishangarh Basalwar

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 Kishangarh Basalwar 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. 301024024 is the MICR code of PNB Bank for Kishangarh Basalwar branch. MICR code for Kishangarh Basalwar 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 Kishangarh Basalwar is presented in the table alongside.

Use of Punjab National Bank MICR code for Kishangarh Basalwar branch in alwar

The MICR code 301024024 is used in RBI cheque clearing process to identify the branch Kishangarh Basalwar 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.

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