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Punjab And Maharashtra Bank Malviya Nagar New Delhi New Delhi MICR CODE

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

Bank
State
District
City
Branch
Address

MICR Code	-NA-
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	Malviya Nagar
Contact	011-26685507/08/09
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Malviya Nagar PMCB0000605

Location	Malviya Nagar, New Delhi
City	Malviya Nagar
District	New Delhi
State	New Delhi
Pincode	110017
Country	IN
Address	80/20, near l block, gurdwara road, malviya nagar, new delhi 110017

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 Malviya Nagar 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, Malviya Nagar branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Malviya Nagar 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 -

>>Malviya Nagar

MICR code for Punjab And Maharashtra Bank Malviya Nagar

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 Malviya Nagar 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 Malviya Nagar branch. MICR code for Malviya Nagar 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 Malviya Nagar is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Malviya Nagar branch in malviya nagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Malviya Nagar 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.