MICR Code Bank
Find MICR code for Punjab State Coop Bank branches in India for NEFT and RTGS transfer

Punjab State Coop Bank MICR CODE

Find MICR Codes for Punjab State Coop Bank

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  1. The Punjab State Cooperative Bank Ltd »
  2. Punjab »
  3. chandigarh »
  4. chandigarh »
  5. branch office thirtyseven

Find MICR Codes for Punjab State Coop Bank

MICR Code: 160350012
Bank: The Punjab State Cooperative Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Branch Office Thirtyseven
Contact: 172-5061407
Bank Details: The Punjab State Cooperative Bank Ltd Branch Office Thirtyseven TPSC0000023
Location: Chandigarh, Chandigarh
City: Chandigarh
District: Chandigarh
State: Punjab
Pincode:
Country: IN
Address: Sco.392, sector.37-c

How does MICR code for 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 of Punjab State Coop Bank, branch makes the system almost error free and faster. Use of Punjab State Coop Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab State Coop Bank

Punjab State Coop Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Punjab State Coop Bank MICR code for 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. is the MICR code of Punjab State Coop Bank for branch. MICR code for 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 State Coop Bank is presented in the table alongside.

Use of Punjab State Coop Bank MICR code for branch in chandigarh

The MICR code is used in RBI cheque clearing process to identify the branch and Punjab State Coop 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 Punjab State Coop Bank is typically in either of these two font’s: E-138 and CMC-7.