Search Pay Point India Network Private Ltd MICR Codes!
You can search through MICR Codes of Pay Point in Pay Point India Network Private Ltd State! Reserve Bank of India publishes updated MICR Codes for Pay Point India from time to time on their website, and we are doing our best in updating information of MICR Codes.
Pay Point India Network Private Ltd branches with micr codes are available in 1 states
MICR codes for Pay Point India Network Private Ltd
Pay Point India Network Private Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. It is used to identify the bank branch to which the cheque belongs. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR technology speeds up the whole process compared to manual reading and sorting. MICR code for Pay Point is present at the bottom of every cheque leaf.
How to find MICR codes for Pay Point India Network Private Ltd?
Pay Point India Network Private Ltd MICR codes are given in the table alongside. Along with the MICR code, details like address and contact numbers are also provided. You can narrow down your search either by selecting any particular state from the drop down list or by selecting the state from Pay Point MICR codes list given on the right side. One can find MICR codes for all Pay Point India branches here.
How does the MICR technology work for Pay Point India Network Private Ltd?
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 Pay Point India is typically in either of these two fonts: E-138 and CMC-7. The MICR code allows the characters to be read reliably even if they are over-printed or concealed by stamps and signatures. This makes the system very efficient. This code is used By RBI (Reserve bank Of India) in clearing process to identify the branch and Pay Point India Network Private Ltd