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Punjab And Maharashtra Bank Shimoga Shimoga Karnataka MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Shimoga Shimoga Karnataka

MICR Code
Bank Punjab And Maharashtra Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shimoga
Contact 9986706211
Bank Details Punjab And Maharashtra Co-Op Bank Ltd Shimoga PMCB0000313
Location Shimoga, Shimoga
City Shimoga
District Shimoga
State Karnataka
Pincode 577201
Country IN
Address Sony lubricant building,2nd cross, garden area, shimoga - 577201
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 shimoga

You can search through MICR Codes of Karnataka branches in shimoga of District shimoga in Karnataka 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 -

>>Shimoga

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

Punjab And Maharashtra Bank shimoga 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 shimoga, one can further search by branch name specified in the table. You can find MICR codes for all Punjab And Maharashtra Bank shimoga branches.

Punjab Maharashtra Bank MICR code in shimoga

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 shimoga 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 shimoga, 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 shimoga 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 shimoga 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 shimoga branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Punjab And Maharashtra Coop Bank MICR codes for shimoga branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!