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PNB Raichur Raichur Karnataka MICR CODE

Find MICR Codes for PNB Raichur Raichur Karnataka

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Punjab National Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Raichur
Contact	8142489397
Bank Details	Punjab National Bank Raichur PUNB0988900

Location	Raichur, Raichur
City	Raichur
District	Raichur
State	Karnataka
Pincode	584101
Country	IN
Address	No-1-11-61, near ghandhi chowk raichur raich karnataka 584101

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 Raichur 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 , Raichur branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Raichur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Punjab National Bank are available with micr code -

>>Raichur

MICR code for PNB Raichur

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 Raichur 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 Raichur branch. MICR code for Raichur 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 Raichur is presented in the table alongside.

Use of Punjab National Bank MICR code for Raichur branch in raichur

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