MICR Code Bank
Find MICR code for Punjab And Maharashtra Bank branches in India for NEFT and RTGS transfer

Punjab And Maharashtra Bank MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank

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  1. Punjab And Maharashtra Co-Op Bank Ltd »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. oshiwara

Find MICR Codes for Punjab And Maharashtra Bank

MICR Code: 400328011
Bank: Punjab And Maharashtra Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Oshiwara
Contact: 26302427/2426
Bank Details: Punjab And Maharashtra Co-Op Bank Ltd Oshiwara PMCB0000011
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400102
Country: IN
Address: Ground & 1st floor, mhada shopping complex,mhada, oshiwara link rd.,andheri(w.) ,mumbai :400 102

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

A total of 14 branches of Punjab And Maharashtra Co-Op Bank Ltd are available with micr code

>>Andheri >>Bandra >>Bhandup >>Carnac >>Chembur >>Dadar >>Fort >>Ghatkopar >>Kandivili >>Mulund >>Oshiwara >>Sion >>Versova >>Vikhroli

MICR code for Punjab And Maharashtra Bank

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

Use of Punjab Maharashtra Bank MICR code for branch in mumbai

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