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PNB Visakhapatnam Vishakapatnam Andhra Pradesh MICR CODE

Find MICR Codes for PNB Visakhapatnam Vishakapatnam Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	530024001
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	Vishakapatnam
Contact	0891-2563216, Mr.K.Kumararaja
Bank Details	Punjab National Bank Vishakapatnam PUNB0046200

Location	Visakhapatnam, Vishakapatnam
City	Visakhapatnam
District	Vishakapatnam
State	Andhra Pradesh
Pincode	530002
Country	IN
Address	Lic building, jeevan prakash road, vishakapatnam - 530002

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 530024001 for Vishakapatnam 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 530024001 of Punjab National Bank , Vishakapatnam branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Vishakapatnam branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Punjab National Bank are available with micr code -

>>Anakapalle Distt.Visakhapatanam >>Daba Gardens >>Muralinagar >>Nad Kotha Road >>Visakhapatanm Mvp Clony >>Visakhapatnam >>Visakhapatnamgajuwaka >>Vishakapatnam >>Vishakhapatnamasilmetta >>Vishakhapatnammadhuravada

MICR code for PNB Vishakapatnam

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 Vishakapatnam 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. 530024001 is the MICR code of PNB Bank for Vishakapatnam branch. MICR code for Vishakapatnam 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 Vishakapatnam is presented in the table alongside.

Use of Punjab National Bank MICR code for Vishakapatnam branch in visakhapatnam

The MICR code 530024001 is used in RBI cheque clearing process to identify the branch Vishakapatnam 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.