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PNB Manali Kulu Himachal Pradesh MICR CODE

Find MICR Codes for PNB Manali Kulu Himachal Pradesh

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palchan Hp
Contact S S Kapoor 01902-256001, 9418468600
Bank Details Punjab National Bank Palchan Hp PUNB0692500
Location Manali, Kulu
City Manali
District Kulu
State Himachal Pradesh
Pincode 175103
Country IN
Address Vpo palchan teh manali distt kullu hp
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 Palchan Hp 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 , Palchan Hp branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Palchan Hp 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 -

>>Palchan Hp >>Up Muhal Aleu

MICR code for PNB Palchan Hp

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 Palchan Hp 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 Palchan Hp branch. MICR code for Palchan Hp 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 Palchan Hp is presented in the table alongside.

Use of Punjab National Bank MICR code for Palchan Hp branch in manali

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