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PNB Kodambal Bidar Karnataka MICR CODE

Find MICR Codes for PNB Kodambal Bidar Karnataka

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kodambal
Contact K V Dholakia 08483-275213
Bank Details Punjab National Bank Kodambal PUNB0295900
Location Kodambal, Bidar
City Kodambal
District Bidar
State Karnataka
Pincode 585412
Country IN
Address Humnabad taluk, bidar dist, kodambal karnataka 585412
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 Kodambal 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 , Kodambal branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Kodambal 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 -

>>Kodambal

MICR code for PNB Kodambal

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 Kodambal 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 Kodambal branch. MICR code for Kodambal 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 Kodambal is presented in the table alongside.

Use of Punjab National Bank MICR code for Kodambal branch in kodambal

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kodambal 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.