MICR Code Bank
Find MICR code for Punjab And Sind Bank branches in India for NEFT and RTGS transfer

Punjab And Sind Bank MICR CODE

Find MICR Codes for Punjab And Sind Bank

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  1. Punjab And Sind Bank »
  2. Chandigarh »
  3. chandigarh »
  4. chandigarh »
  5. chandigarh st. namdev pub. school sec 21

Find MICR Codes for Punjab And Sind Bank

MICR Code: 160023021
Bank: Punjab And Sind Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Chandigarh St. Namdev Pub. School Sec 21
Contact: 0172 721107
Bank Details: Punjab And Sind Bank Chandigarh St. Namdev Pub. School Sec 21 PSIB0000801
Location: Chandigarh, Chandigarh
City: Chandigarh
District: Chandigarh
State: Chandigarh
Pincode: 160019
Country: IN
Address: St. Namdev pub. School, sec 21, chandigarh-160019

How does MICR code for 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 of Punjab Sind Bank, branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab And Sind Bank

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 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. is the MICR code of PSB Bank for branch. MICR code for 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 is presented in the table alongside.

Use of Punjab Sind Bank MICR code for branch in chandigarh

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