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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 Kaler Ghuman
Contact 9569396542
Bank Details Punjab And Sind Bank Kaler Ghuman PSIB0021486
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143202
Country IN
Address Village kaler ghuman, tehsil baba bakala, distt amritsar, punjab 143202
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 0 for Kaler Ghuman 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 0 of Punjab Sind Bank, Kaler Ghuman branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Kaler Ghuman branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab And Sind Bank Kaler Ghuman

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 Kaler Ghuman 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. 0 is the MICR code of PSB Bank for Kaler Ghuman branch. MICR code for Kaler Ghuman 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 Kaler Ghuman is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Kaler Ghuman branch in amritsar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kaler Ghuman 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.