MICR Code Bank
Find MICR code for PNB branches in India for NEFT and RTGS transfer

PNB MICR CODE

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  1. Punjab National Bank »
  2. Tamil Nadu »
  3. chennai »
  4. chennai »
  5. taylors road

Find MICR Codes for PNB

MICR Code: 600024010
Bank: Punjab National Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Taylors Road
Contact: 044-26460320,54620 R Thillai Govindan
Bank Details: Punjab National Bank Taylors Road PUNB0109200
Location: Chennai, Chennai
City: Chennai
District: Chennai
State: Tamil Nadu
Pincode: 600010
Country: IN
Address: 74, new avadi road, chennai, tamil nadu 600010

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

A total of 94 branches of Punjab National Bank are available with micr code

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MICR code for PNB

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

Use of Punjab National Bank MICR code for branch in chennai

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