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Punjab And Maharashtra Bank Navi Mumbai Raigad Maharashtra MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Navi Mumbai Raigad Maharashtra

MICR Code
Bank Punjab And Maharashtra Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kamothe
Contact 65296169/65296166
Bank Details Punjab And Maharashtra Co-Op Bank Ltd Kamothe PMCB0000019
Location Navi Mumbai, Raigad
City Navi Mumbai
District Raigad
State Maharashtra
Pincode 410209
Country IN
Address Nandanvan chs ltd., plot no. 9, sector 36, navi mumbai-410209
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 400328019 for Kamothe 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 400328019 of Punjab Maharashtra Bank, Kamothe branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Kamothe 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 -

>>Kamothe

MICR code for Punjab And Maharashtra Bank Kamothe

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 Kamothe 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. 400328019 is the MICR code of Punjab And Maharashtra Coop Bank for Kamothe branch. MICR code for Kamothe 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 Kamothe is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Kamothe branch in navi mumbai

The MICR code 400328019 is used in RBI cheque clearing process to identify the branch Kamothe 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.