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Punjab And Maharashtra Bank Dharwad Dharwad Karnataka MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Dharwad Dharwad Karnataka

Bank
State
District
City
Branch
Address

MICR Code	580328003
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	Dharwad
Contact	0836-2448445
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Dharwad PMCB0000315

Location	Dharwad, Dharwad
City	Dharwad
District	Dharwad
State	Karnataka
Pincode	580001
Country	IN
Address	Elite business centre, 307/9-a, nagarkar colony , p.b. Road,dharwad 580001.

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 580328003 for Dharwad 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 580328003 of Punjab Maharashtra Bank, Dharwad branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Dharwad 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 -

>>Dharwad

MICR code for Punjab And Maharashtra Bank Dharwad

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 Dharwad 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. 580328003 is the MICR code of Punjab And Maharashtra Coop Bank for Dharwad branch. MICR code for Dharwad 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 Dharwad is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Dharwad branch in dharwad

The MICR code 580328003 is used in RBI cheque clearing process to identify the branch Dharwad 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.