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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

MICR Code
Bank Punjab And Maharashtra Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gurudwara Raoli Camp
Contact 24010268
Bank Details Punjab And Maharashtra Co-Op Bank Ltd Gurudwara Raoli Camp PMCB0000058
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400037
Country IN
Address Ground floor gurudwara raoli camp gtb nagar sion east mumbai 400037
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 400328058 for Gurudwara Raoli Camp 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 400328058 of Punjab Maharashtra Bank, Gurudwara Raoli Camp branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Gurudwara Raoli Camp branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab And Maharashtra Bank Gurudwara Raoli Camp

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 Gurudwara Raoli Camp 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. 400328058 is the MICR code of Punjab And Maharashtra Coop Bank for Gurudwara Raoli Camp branch. MICR code for Gurudwara Raoli Camp 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 Gurudwara Raoli Camp is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Gurudwara Raoli Camp branch in mumbai

The MICR code 400328058 is used in RBI cheque clearing process to identify the branch Gurudwara Raoli Camp 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.