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Punjab And Maharashtra Bank New Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank New Delhi Delhi New Delhi

Bank
State
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City
Branch
Address

MICR Code	110328007
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	Karolbaug New Delhi
Contact	9711535509
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Karolbaug New Delhi PMCB0000607

Location	New Delhi, Delhi
City	New Delhi
District	Delhi
State	New Delhi
Pincode	110006
Country	IN
Address	1247 53 4 naniwala karol baug new delhi 110005

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 110328007 for Karolbaug New Delhi 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 110328007 of Punjab Maharashtra Bank, Karolbaug New Delhi branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Karolbaug New Delhi 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 -

>>Karolbaug New Delhi

MICR code for Punjab And Maharashtra Bank Karolbaug New Delhi

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 Karolbaug New Delhi 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. 110328007 is the MICR code of Punjab And Maharashtra Coop Bank for Karolbaug New Delhi branch. MICR code for Karolbaug New Delhi 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 Karolbaug New Delhi is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Karolbaug New Delhi branch in new delhi

The MICR code 110328007 is used in RBI cheque clearing process to identify the branch Karolbaug New Delhi 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.