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PNB Rajkot Morbi Gujarat MICR CODE

Find MICR Codes for PNB Rajkot Morbi Gujarat

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Morbi Lalpar
Contact 2822-9924618919
Bank Details Punjab National Bank Morbi Lalpar PUNB0224410
Location Rajkot, Morbi
City Rajkot
District Morbi
State Gujarat
Pincode 363642
Country IN
Address G1, adhya shakti chambe-2,nh 8a, lalpar 363642
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 363024024 for Morbi Lalpar 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 363024024 of Punjab National Bank , Morbi Lalpar branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Morbi Lalpar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Punjab National Bank are available with micr code -

>>Morbi >>Morbi Lalpar

MICR code for PNB Morbi Lalpar

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 Morbi Lalpar 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. 363024024 is the MICR code of PNB Bank for Morbi Lalpar branch. MICR code for Morbi Lalpar 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 Morbi Lalpar is presented in the table alongside.

Use of Punjab National Bank MICR code for Morbi Lalpar branch in rajkot

The MICR code 363024024 is used in RBI cheque clearing process to identify the branch Morbi Lalpar 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.