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Punjab And Maharashtra Bank Dabolim South Goa Goa MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Dabolim South Goa Goa

Bank
State
District
City
Branch
Address

MICR Code	403328007
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	Dabolim
Contact	9930368808
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Dabolim PMCB0000297

Location	Dabolim, South Goa
City	Dabolim
District	South Goa
State	Goa
Pincode	403801
Country	IN
Address	Shop no 22 23 24 25 building no 4 prabhus sky panaromics alto dabolim mormugao goa 403801

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 403328007 for Dabolim 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 403328007 of Punjab Maharashtra Bank, Dabolim branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Dabolim branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Punjab And Maharashtra Co-Op Bank Ltd are available with micr code -

>>Dabolim

MICR code for Punjab And Maharashtra Bank Dabolim

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 Dabolim 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. 403328007 is the MICR code of Punjab And Maharashtra Coop Bank for Dabolim branch. MICR code for Dabolim 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 Dabolim is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Dabolim branch in dabolim

The MICR code 403328007 is used in RBI cheque clearing process to identify the branch Dabolim 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.