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Punjab And Sind Bank Asansol Barddhaman West Bengal MICR CODE

Find MICR Codes for Punjab And Sind Bank Asansol Barddhaman West Bengal

MICR Code
Bank Punjab And Sind Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Asansol
Contact 0341 2204540
Bank Details Punjab And Sind Bank Asansol PSIB0000418
Location Asansol, Barddhaman
City Asansol
District Barddhaman
State West Bengal
Pincode 713301
Country IN
Address 198 g.t. Road, asansol, west bengal-713301
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 Asansol 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 Sind Bank, Asansol branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Asansol branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Punjab And Sind Bank are available with micr code -

>>Asansol

MICR code for Punjab And Sind Bank Asansol

Punjab And Sind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Punjab Sind Bank MICR code for Asansol 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 PSB Bank for Asansol branch. MICR code for Asansol 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 Sind Bank Asansol is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Asansol branch in asansol

The MICR code 0 is used in RBI cheque clearing process to identify the branch Asansol and Punjab Sind 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 PSB Bank is typically in either of these two font’s: E-138 and CMC-7.