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Paytm Bank Noida Noida Uttar Pradesh MICR CODE

Find MICR Codes for Paytm Bank Noida Noida Uttar Pradesh

MICR Code
Bank Paytm Payment Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Noida Branch
Contact 8800742626
Bank Details Paytm Payment Bank Ltd Noida Branch PYTM0000001
Location Noida, Noida
City Noida
District Noida
State Uttar Pradesh
Pincode 201301
Country IN
Address B-121, sector-5
MICR Code
Bank Paytm Payment Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Noida Branch
Contact 11-33996699
Bank Details Paytm Payment Bank Ltd Noida Branch PYTM00000SC
Location Noida, Noida
City Noida
District Noida
State Uttar Pradesh
Pincode
Country IN
Address B-121, sector-5
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 0 for Noida 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 0 of Paytm Payment Bank, Noida Branch branch makes the system almost error free and faster. Use of Paytm Payment Bank MICR codes for Noida Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Paytm Payment Bank Ltd are available with micr code -

>>Noida Branch >>Noida Branch

MICR code for Paytm Bank Noida Branch

Paytm Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Paytm Payment Bank MICR code for Noida 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. 0 is the MICR code of Paytm Payment for Noida Branch branch. MICR code for Noida 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 Paytm Payment Bank Noida Branch is presented in the table alongside.

Use of Paytm Payment Bank MICR code for Noida Branch branch in noida

The MICR code 0 is used in RBI cheque clearing process to identify the branch Noida Branch and Paytm Payment 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 Paytm Payment is typically in either of these two font’s: E-138 and CMC-7.