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Punjab And Maharashtra Bank Hesarghatta Banglore Urban Karnataka MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Hesarghatta Banglore Urban Karnataka

MICR Code
Bank Punjab And Maharashtra Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hessarghatta Main Road
Contact 988698822
Bank Details Punjab And Maharashtra Co-Op Bank Ltd Hessarghatta Main Road PMCB0000326
Location Hesarghatta, Banglore Urban
City Hesarghatta
District Banglore Urban
State Karnataka
Pincode 560073
Country IN
Address No 1,hessargatta main road,mei colony,near widia high school,bengaluru 560073
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 Hessarghatta Main Road 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, Hessarghatta Main Road branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Hessarghatta Main Road 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 -

>>Hessarghatta Main Road

MICR code for Punjab And Maharashtra Bank Hessarghatta Main Road

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 Hessarghatta Main Road 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 Hessarghatta Main Road branch. MICR code for Hessarghatta Main Road 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 Hessarghatta Main Road is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Hessarghatta Main Road branch in hesarghatta

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