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Parsik Janata Sahakari Bank New Mumbai Thane Maharashtra MICR CODE

Find MICR Codes for Parsik Janata Sahakari Bank New Mumbai Thane Maharashtra

MICR Code
Bank Parsik Janata Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nerul Phase Ii Branch
Contact 27716864
Bank Details Parsik Janata Sahakari Bank Ltd Nerul Phase Ii Branch PJSB0000019
Location New Mumbai, Thane
City New Mumbai
District Thane
State Maharashtra
Pincode 400708
Country IN
Address Nerul phase - ii branch, plot no. 28/b, sector no. 10, nerul, opp. Sarsole bus stop, navi mumbai - 400 708.
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 400312019 for Nerul Phase Ii Branch 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 400312019 of Parsik Janata Bank, Nerul Phase Ii Branch branch makes the system almost error free and faster. Use of Parsik Janata Bank MICR codes for Nerul Phase Ii Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Parsik Janata Sahakari Bank Nerul Phase Ii Branch

Parsik Janata Sahakari Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Parsik Janata Bank MICR code for Nerul Phase Ii Branch 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. 400312019 is the MICR code of Parsik Bank for Nerul Phase Ii Branch branch. MICR code for Nerul Phase Ii Branch 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 Parsik Janata Bank Nerul Phase Ii Branch is presented in the table alongside.

Use of Parsik Janata Bank MICR code for Nerul Phase Ii Branch branch in new mumbai

The MICR code 400312019 is used in RBI cheque clearing process to identify the branch Nerul Phase Ii Branch and Parsik Janata 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 Parsik Bank is typically in either of these two font’s: E-138 and CMC-7.