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Punjab And Maharashtra Bank Valsad Vapi Gujarat MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Valsad Vapi Gujarat

MICR Code
Bank Punjab And Maharashtra Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vapi
Contact 8380013518
Bank Details Punjab And Maharashtra Co-Op Bank Ltd Vapi PMCB0000502
Location Valsad, Vapi
City Valsad
District Vapi
State Gujarat
Pincode 396191
Country IN
Address Shop number 2 sitaram square survey no 368 a 1 vapi daman main road chala road vapi 396191
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 396328031 for Vapi 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 396328031 of Punjab Maharashtra Bank, Vapi branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Vapi 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 -

>>Vapi

MICR code for Punjab And Maharashtra Bank Vapi

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 Vapi 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. 396328031 is the MICR code of Punjab And Maharashtra Coop Bank for Vapi branch. MICR code for Vapi 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 Vapi is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Vapi branch in valsad

The MICR code 396328031 is used in RBI cheque clearing process to identify the branch Vapi 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.