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. Madhya Pradesh »
  3. bhopal »
  4. bhopal »
  5. hamadia road bhopal

Find MICR Codes for Punjab And Sind Bank

MICR Code: 462023002
Bank: Punjab And Sind Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Hamadia Road Bhopal
Contact: 0755-2537279
Bank Details: Punjab And Sind Bank Hamadia Road Bhopal PSIB0000119
Location: Bhopal, Bhopal
City: Bhopal
District: Bhopal
State: Madhya Pradesh
Pincode: 462016
Country: IN
Address: 7, hamidia road bhopal -462016

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.

A total of 5 branches of Punjab And Sind Bank are available with micr code

>>Bhopal >>Cenmarg Bhopal >>Hamadia Road Bhopal >>Hoshangabad Road Bhopal >>Spl. Personal Banking Br. Bhopal

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 bhopal

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.