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PNB Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for PNB Hyderabad Hyderabad Urban Andhra Pradesh

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Miyapur
Contact 040-23045347 M.S.R.Sarma
Bank Details Punjab National Bank Miyapur PUNB0463200
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500049
Country IN
Address Shop no. 225, mega hills, commercial complex, nh9 miyapur hyderabad, ap 500049
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 500024026 for Miyapur 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 500024026 of Punjab National Bank , Miyapur branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Miyapur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Miyapur

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 Miyapur 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. 500024026 is the MICR code of PNB Bank for Miyapur branch. MICR code for Miyapur 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 Miyapur is presented in the table alongside.

Use of Punjab National Bank MICR code for Miyapur branch in hyderabad

The MICR code 500024026 is used in RBI cheque clearing process to identify the branch Miyapur 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.