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Punjab And Sind Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Punjab And Sind Bank Chandigarh Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

MICR Code	160023005
Bank	Punjab And Sind Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chandigarh Sector 17 B
Contact	0172-704082/707757
Bank Details	Punjab And Sind Bank Chandigarh Sector 17 B PSIB0000600

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode
Country	IN
Address	Sector 17-b chandigarh

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 160023005 for Chandigarh Sector 17 B 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 160023005 of Punjab Sind Bank, Chandigarh Sector 17 B branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Chandigarh Sector 17 B branch, makes the characters readable even if there are other marks and stamps on it.

A total of 23 branches of Punjab And Sind Bank are available with micr code -

MICR code for Punjab And Sind Bank Chandigarh Sector 17 B

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 Chandigarh Sector 17 B 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. 160023005 is the MICR code of PSB Bank for Chandigarh Sector 17 B branch. MICR code for Chandigarh Sector 17 B 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 Chandigarh Sector 17 B is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Chandigarh Sector 17 B branch in chandigarh

The MICR code 160023005 is used in RBI cheque clearing process to identify the branch Chandigarh Sector 17 B 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.