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Punjab And Sind Bank Bikaner Bikaner Rajasthan MICR CODE

Find MICR Codes for Punjab And Sind Bank Bikaner Bikaner Rajasthan

Bank Punjab And Sind Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bikaner
Contact 0151-2523069
Bank Details Punjab And Sind Bank Bikaner PSIB0021228
Location Bikaner, Bikaner
City Bikaner
District Bikaner
State Rajasthan
Pincode 334001
Country IN
Address R.k. Complex, near head post office, opp ram krishna kutir, backside junagarh, bikaner, rj- 334001
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 Bikaner 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, Bikaner branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Bikaner branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Punjab And Sind Bank are available with micr code -

>>Bikaner >>Bikaner Rajasthan

MICR code for Punjab And Sind Bank Bikaner

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

Use of Punjab Sind Bank MICR code for Bikaner branch in bikaner

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