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PNB Medak Siddipet Telangana MICR CODE

Find MICR Codes for PNB Medak Siddipet Telangana

Bank
State
District
City
Branch
Address

MICR Code	502024202
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	Siddipet
Contact	9032600759
Bank Details	Punjab National Bank Siddipet PUNB0590000

Location	Medak, Siddipet
City	Medak
District	Siddipet
State	Telangana
Pincode	502103
Country	IN
Address	H no 43 mig 2 housing board coloney ph iv siddipet medak dist telangana 502103

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 502024202 for Siddipet 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 502024202 of Punjab National Bank , Siddipet branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Siddipet 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 -

>>Siddipet

MICR code for PNB Siddipet

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 Siddipet 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. 502024202 is the MICR code of PNB Bank for Siddipet branch. MICR code for Siddipet 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 Siddipet is presented in the table alongside.

Use of Punjab National Bank MICR code for Siddipet branch in medak

The MICR code 502024202 is used in RBI cheque clearing process to identify the branch Siddipet 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.