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PNB Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for PNB Madurai Madurai Tamil Nadu

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Madurai
Contact 0452-2343313, Mr.K.M Mohan Raju
Bank Details Punjab National Bank Madurai PUNB0438300
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625001
Country IN
Address P.b no.185, 284 & 285, west masi street, madurai - 625001
MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Madurai
Contact 0
Bank Details Punjab National Bank Madurai PUNB0054420
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode
Country IN
Address 295west masi stmadurai
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 625024003 for Madurai 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 625024003 of Punjab National Bank , Madurai branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Madurai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Madurai

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 Madurai 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. 625024003 is the MICR code of PNB Bank for Madurai branch. MICR code for Madurai 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 Madurai is presented in the table alongside.

Use of Punjab National Bank MICR code for Madurai branch in madurai

The MICR code 625024003 is used in RBI cheque clearing process to identify the branch Madurai 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.