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Parsik Janata Sahakari Bank Belgavi Belgavi Karnataka MICR CODE

Find MICR Codes for Parsik Janata Sahakari Bank Belgavi Belgavi Karnataka

Bank
State
District
City
Branch
Address

MICR Code	591312302
Bank	Parsik Janata Sahakari Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nipani
Contact	25456500
Bank Details	Parsik Janata Sahakari Bank Ltd Nipani PJSB0000205

Location	Belgavi, Belgavi
City	Belgavi
District	Belgavi
State	Karnataka
Pincode	591237
Country	IN
Address	House no 14e ground floor, old p.b. Road, ward no 31, nipani tal. Chikodi, dist belgavi- 591237

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 591312302 for Nipani 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 591312302 of Parsik Janata Bank, Nipani branch makes the system almost error free and faster. Use of Parsik Janata Bank MICR codes for Nipani branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Parsik Janata Sahakari Bank Ltd are available with micr code -

>>Belagavi >>Nipani

MICR code for Parsik Janata Sahakari Bank Nipani

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 Nipani 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. 591312302 is the MICR code of Parsik Bank for Nipani branch. MICR code for Nipani 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 Nipani is presented in the table alongside.

Use of Parsik Janata Bank MICR code for Nipani branch in belgavi

The MICR code 591312302 is used in RBI cheque clearing process to identify the branch Nipani 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.