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

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

MICR Code
Bank Punjab And Maharashtra Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kailash Colony
Contact 9511-29241400-1401
Bank Details Punjab And Maharashtra Co-Op Bank Ltd Kailash Colony PMCB0000602
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110046
Country IN
Address 240 kailash colony new delhi 110046
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.

Search Punjab And Maharashtra Bank MICR Codes in new delhi

You can search through MICR Codes of New Delhi branches in new delhi of District new delhi in New Delhi State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Punjab And Maharashtra Co-Op Bank Ltd are available with micr code -

>>Kailash Colony

How to find MICR codes for Punjab And Maharashtra Bank in new delhi?

Punjab And Maharashtra Bank new delhi MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Punjab Maharashtra Bank MICR codes list for new delhi, one can further search by branch name specified in the table. You can find MICR codes for all Punjab And Maharashtra Bank new delhi branches.

Punjab Maharashtra Bank MICR code in new delhi

Punjab And Maharashtra Bank MICR code is a character recognition technology used by banks in the processing of cheques. Punjab Maharashtra Bank MICR code for new delhi branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Punjab And Maharashtra Coop Bank branches in new delhi, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Punjab And Maharashtra Coop Bank MICR code for new delhi branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Punjab And Maharashtra Bank new delhi branch, sprinted 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. Thus MICR code for Punjab Maharashtra Bank new delhi branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Punjab And Maharashtra Coop Bank MICR codes for new delhi branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!