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Punjab And Sind Bank Kharagpur Kharagpur West Bengal MICR CODE

Find MICR Codes for Punjab And Sind Bank Kharagpur Kharagpur West Bengal

MICR Code
Bank Punjab And Sind Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kharagpur
Contact 03222 255759/2505982
Bank Details Punjab And Sind Bank Kharagpur PSIB0000572
Location Kharagpur, Kharagpur
City Kharagpur
District Kharagpur
State West Bengal
Pincode 721301
Country IN
Address Hilding no.2275 a, kharida main road, kharagpur-721301
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 Kharagpur 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, Kharagpur branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Kharagpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Punjab And Sind Bank are available with micr code -

>>Kharagpur

MICR code for Punjab And Sind Bank Kharagpur

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 Kharagpur 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 Kharagpur branch. MICR code for Kharagpur 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 Kharagpur is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Kharagpur branch in kharagpur

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