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PNB Mandi Mandi Himachal Pradesh MICR CODE

Find MICR Codes for PNB Mandi Mandi Himachal Pradesh

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Moti Bazar Mandi
Contact 01905-224434,222108 Mahesh Kapoor
Bank Details Punjab National Bank Moti Bazar Mandi PUNB0031100
Location Mandi, Mandi
City Mandi
District Mandi
State Himachal Pradesh
Pincode 175001
Country IN
Address Moti bazar, mandi, himachal pradesh - 175001
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 Moti Bazar Mandi 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 , Moti Bazar Mandi branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Moti Bazar Mandi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for PNB Moti Bazar Mandi

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 Moti Bazar Mandi 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 Moti Bazar Mandi branch. MICR code for Moti Bazar Mandi 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 Moti Bazar Mandi is presented in the table alongside.

Use of Punjab National Bank MICR code for Moti Bazar Mandi branch in mandi

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