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Punjab And Maharashtra Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Kolhapur Kolhapur Maharashtra

MICR Code
Bank Punjab And Maharashtra Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Laxmipuri
Contact 0231-6454461/62/63
Bank Details Punjab And Maharashtra Co-Op Bank Ltd Laxmipuri PMCB0000203
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode 416002
Country IN
Address Laxmipuri br., 1842, c-ward, somwar peth, pawar-medhe complex, kolhapur-416002
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 416328003 for Laxmipuri 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 416328003 of Punjab Maharashtra Bank, Laxmipuri branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Laxmipuri branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Punjab And Maharashtra Co-Op Bank Ltd are available with micr code -

>>Kit Kolhapur >>Laxmipuri >>Psmb Kolhapur >>Rajarampuri >>Ruikar Colony >>Shivaji Peth

MICR code for Punjab And Maharashtra Bank Laxmipuri

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 Laxmipuri 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. 416328003 is the MICR code of Punjab And Maharashtra Coop Bank for Laxmipuri branch. MICR code for Laxmipuri 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 Laxmipuri is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Laxmipuri branch in kolhapur

The MICR code 416328003 is used in RBI cheque clearing process to identify the branch Laxmipuri 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.