PNB Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for PNB Madurai Madurai Tamil Nadu

Bank
State
District
City
Branch
Address

MICR Code	-NA-
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	Madurai Saurashtra College
Contact	0452-2370804
Bank Details	Punjab National Bank Madurai Saurashtra College PUNB0601900

Location	Madurai, Madurai
City	Madurai
District	Madurai
State	Tamil Nadu
Pincode	625004
Country	IN
Address	Saurashtra college pasumalai madurai tn 625004

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

A total of 13 branches of Punjab National Bank are available with micr code -

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MICR code for PNB Madurai Saurashtra College

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 Saurashtra College 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 Madurai Saurashtra College branch. MICR code for Madurai Saurashtra College 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 Saurashtra College is presented in the table alongside.

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

The MICR code 0 is used in RBI cheque clearing process to identify the branch Madurai Saurashtra College 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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