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Punjab And Maharashtra Bank Yellapur Uttar Kannad Karnataka MICR CODE

Find MICR Codes for Punjab And Maharashtra Bank Yellapur Uttar Kannad Karnataka

Bank
State
District
City
Branch
Address

MICR Code	581328501
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	Yellapur
Contact	9481463505
Bank Details	Punjab And Maharashtra Co-Op Bank Ltd Yellapur PMCB0000304

Location	Yellapur, Uttar Kannad
City	Yellapur
District	Uttar Kannad
State	Karnataka
Pincode
Country	IN
Address	Basweshwar heights shop no 18 first floor yellapur bus stand road yellapur karnataka

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 581328501 for Yellapur 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 581328501 of Punjab Maharashtra Bank, Yellapur branch makes the system almost error free and faster. Use of Punjab Maharashtra Bank MICR codes for Yellapur 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 -

>>Yellapur

MICR code for Punjab And Maharashtra Bank Yellapur

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 Yellapur 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. 581328501 is the MICR code of Punjab And Maharashtra Coop Bank for Yellapur branch. MICR code for Yellapur 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 Yellapur is presented in the table alongside.

Use of Punjab Maharashtra Bank MICR code for Yellapur branch in yellapur

The MICR code 581328501 is used in RBI cheque clearing process to identify the branch Yellapur 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.