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Punjab And Maharashtra Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Mumbai Greater Bombay 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	Ghansoli
Contact	8097036350
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Ghansoli PMCB0000043

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400701
Country	IN
Address	Shop no 1 to 16 plot no 14 sector 7, bhoomi parth opp rajiv gandhi college ghansoli navi mumbai 400 701

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

A total of 19 branches of Punjab And Maharashtra Co-Op Bank Ltd are available with micr code -

>>Andheri East >>Bhandup West >>Bhaynder East >>Borivali East >>Borivali West >>Credit Card Division >>Dharavi >>Ghansoli >>Ghatkopar West >>Goregaon East >>Goregaon West >>Gurudwara Raoli Camp >>Internet Banking Division >>Jogeshwari East >>Kharghar >>Malad West >>Parel >>Quarry Road Bhandup West >>Vikhroli West

MICR code for Punjab And Maharashtra Bank Ghansoli

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 Ghansoli 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 Ghansoli branch. MICR code for Ghansoli 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 Ghansoli is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Ghansoli branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ghansoli 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.