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Punjab And Sind Bank Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for Punjab And Sind Bank Amritsar Amritsar Punjab

MICR Code
Bank Punjab And Sind Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Guru Nanak Dev Univ.
Contact 0183-2258827
Bank Details Punjab And Sind Bank Guru Nanak Dev Univ. PSIB0000288
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143001
Country IN
Address Guru nanak dev university amritsar-143001
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 143023013 for Guru Nanak Dev Univ. 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 143023013 of Punjab Sind Bank, Guru Nanak Dev Univ. branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Guru Nanak Dev Univ. branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab And Sind Bank Guru Nanak Dev Univ.

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 Guru Nanak Dev Univ. 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. 143023013 is the MICR code of PSB Bank for Guru Nanak Dev Univ. branch. MICR code for Guru Nanak Dev Univ. 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 Guru Nanak Dev Univ. is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Guru Nanak Dev Univ. branch in amritsar

The MICR code 143023013 is used in RBI cheque clearing process to identify the branch Guru Nanak Dev Univ. 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.