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Punjab And Maharashtra Bank Porvorim North Goa Goa MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Porvorim North Goa Goa

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	Porvorim
Contact	8380013517 / 18
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Porvorim PMCB0000294

Location	Porvorim, North Goa
City	Porvorim
District	North Goa
State	Goa
Pincode	403521
Country	IN
Address	Socoilem galuem,sanshas lajoy complex, shop no 23 nh 17 , soccorro, porvorim, goa- 403521

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

>>Porvorim

MICR code for Punjab And Maharashtra Bank Porvorim

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 Porvorim 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 Porvorim branch. MICR code for Porvorim 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 Porvorim is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Porvorim branch in porvorim

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