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PNB Maloya Chandigarh Chandigarh MICR CODE

Find MICR Codes for PNB Maloya Chandigarh Chandigarh

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Maloya
Contact 0172-2643231 Ramesh Gupta
Bank Details Punjab National Bank Maloya PUNB0254500
Location Maloya, Chandigarh
City Maloya
District Chandigarh
State Chandigarh
Pincode 160025
Country IN
Address Maloya, district chandigarh
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 Maloya 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 , Maloya branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Maloya 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 -

>>Maloya

MICR code for PNB Maloya

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

Use of Punjab National Bank MICR code for Maloya branch in maloya

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