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Punjab And Sind Bank Jalandhar Jalandhar Punjab MICR CODE

Find MICR Codes for Punjab And Sind Bank Jalandhar Jalandhar Punjab

MICR Code
Bank Punjab And Sind Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jalandhar Defence Colony (Layalpur Khalsa College) Punjab
Contact 0181-5021373
Bank Details Punjab And Sind Bank Jalandhar Defence Colony (Layalpur Khalsa College) Punjab PSIB0000714
Location Jalandhar, Jalandhar
City Jalandhar
District Jalandhar
State Punjab
Pincode 144001
Country IN
Address 109-110 defence colony, jalandhar, punjab-144001
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 144023021 for Jalandhar Defence Colony (Layalpur Khalsa College) Punjab 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 144023021 of Punjab Sind Bank, Jalandhar Defence Colony (Layalpur Khalsa College) Punjab branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Jalandhar Defence Colony (Layalpur Khalsa College) Punjab branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab And Sind Bank Jalandhar Defence Colony (Layalpur Khalsa College) Punjab

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 Jalandhar Defence Colony (Layalpur Khalsa College) Punjab 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. 144023021 is the MICR code of PSB Bank for Jalandhar Defence Colony (Layalpur Khalsa College) Punjab branch. MICR code for Jalandhar Defence Colony (Layalpur Khalsa College) Punjab 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 Jalandhar Defence Colony (Layalpur Khalsa College) Punjab is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Jalandhar Defence Colony (Layalpur Khalsa College) Punjab branch in jalandhar

The MICR code 144023021 is used in RBI cheque clearing process to identify the branch Jalandhar Defence Colony (Layalpur Khalsa College) Punjab 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.