Let Others Know

Punjab And Maharashtra Bank Navi Mumbai Thane Maharashtra MICR CODE

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

Bank
State
District
City
Branch
Address

MICR Code	400328072
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	Nerul East
Contact	9930368830
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Nerul East PMCB0000072

Location	Navi Mumbai, Thane
City	Navi Mumbai
District	Thane
State	Maharashtra
Pincode	400706
Country	IN
Address	Shop no 1 and 2 f-1 plot no 3 sector 11 neul east navi mumbai-400706

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 400328072 for Nerul East 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 400328072 of Punjab Maharashtra Bank, Nerul East branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Nerul East branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Punjab And Maharashtra Co-Op Bank Ltd are available with micr code -

>>Airoli >>Kopar Khairne >>Nerul East >>Vashi

MICR code for Punjab And Maharashtra Bank Nerul East

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 Nerul East 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. 400328072 is the MICR code of Punjab And Maharashtra Coop Bank for Nerul East branch. MICR code for Nerul East 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 Nerul East is presented in the table alongside.

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

The MICR code 400328072 is used in RBI cheque clearing process to identify the branch Nerul East 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.