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Punjab And Maharashtra Bank Thane Thane Maharashtra MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Thane Thane Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Punjab And Maharashtra Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ambernath
Contact
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Ambernath PMCB0000029

Location	Thane, Thane
City	Thane
District	Thane
State	Maharashtra
Pincode	421501
Country	IN
Address	Shop no. 7 & 27,shri paranjpe, sahakari marketing soc ltd.station road, ambernath w

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

A total of 13 branches of Punjab And Maharashtra Co-Op Bank Ltd are available with micr code -

>>Ambernath >>Badlapur >>Brahmand Society Thane >>Diva East >>Kalwa >>Kasarvadavali >>Kashi Village Thane >>Kavesar >>Kolshet Road Thane >>Majiwade Thane >>Palghar >>Vasai >>Waghle Estate Thane

MICR code for Punjab And Maharashtra Bank Ambernath

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

Use of Punjab Maharashtra Bank MICR code for Ambernath branch in thane

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ambernath and Punjab Maharashtra 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 And Maharashtra Coop Bank is typically in either of these two font’s: E-138 and CMC-7.