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PNB Panaji North Goa Goa MICR CODE

Find MICR Codes for PNB Panaji North Goa Goa

MICR Code
Bank Punjab National Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panjim
Contact 0832-2224528,2422329 Ks Avadhani
Bank Details Punjab National Bank Panjim PUNB0292300
Location Panaji, North Goa
City Panaji
District North Goa
State Goa
Pincode 403001
Country IN
Address Calisto mansionn, dr. Pissurlekar road, panjim, goa
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.

Search PNB MICR Codes in north goa

You can search through MICR Codes of Goa branches in panaji of District north goa in Goa State by using the search box or you can browse through the table using the conrols at the bottom.

Punjab National Bank branches with micr codes are available in 5 cities-

>>Mapusa >>Panaji >>Ponda >>Shiroda >>Socorro

How to find MICR codes for PNB in panaji?

PNB panaji MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Punjab National Bank MICR codes list for panaji, one can further search by branch name specified in the table. You can find MICR codes for all PNB panaji branches.

Punjab National Bank MICR code in panaji

PNB MICR code is a character recognition technology used by banks in the processing of cheques. Punjab National Bank MICR code for panaji branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for PNB Bank branches in panaji, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does PNB Bank MICR code for panaji branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a PNB panaji branch, sprinted 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. Thus MICR code for Punjab National Bank panaji branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of PNB Bank MICR codes for panaji branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!