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PNB Secunderabad Cantonment Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for PNB Secunderabad Cantonment Hyderabad Urban Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	500024005
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	Lal Bazar
Contact	04027792704,27797542, C S Devdass
Bank Details	Punjab National Bank Lal Bazar PUNB0316000

Location	Secunderabad Cantonment, Hyderabad Urban
City	Secunderabad Cantonment
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500015
Country	IN
Address	Srinagar colony, tirumulghery bazar secunderabad, ap - 500015

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 500024005 for Lal Bazar 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 500024005 of Punjab National Bank , Lal Bazar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Lal Bazar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Punjab National Bank are available with micr code -

>>A.S. Rao Nagar >>Lal Bazar >>Mg Road >>Nimh Campus >>Rp Road >>Secunderabad Park Lane

MICR code for PNB Lal Bazar

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 Lal Bazar 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. 500024005 is the MICR code of PNB Bank for Lal Bazar branch. MICR code for Lal Bazar 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 Lal Bazar is presented in the table alongside.

Use of Punjab National Bank MICR code for Lal Bazar branch in secunderabad cantonment

The MICR code 500024005 is used in RBI cheque clearing process to identify the branch Lal Bazar 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.