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Punjab And Sind Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Punjab And Sind Bank Mumbai Mumbai Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	423023004
Bank	Punjab And Sind Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Koliwada Mumbai
Contact	022 23693321
Bank Details	Punjab And Sind Bank Koliwada Mumbai PSIB0000329

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400006
Country	IN
Address	229, raghunath chambers sion, koliwada mumbai-400006

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 423023004 for Koliwada Mumbai 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 423023004 of Punjab Sind Bank, Koliwada Mumbai branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Koliwada Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 20 branches of Punjab And Sind Bank are available with micr code -

>>Bhandup West Mumbai >>Cenmarg Mumbai >>Ibd Mumbai >>Koliwada Mumbai >>Malad Mumbai >>Matunga Mumbai >>Mumbai >>Mumbai >>Mumbai Andheri >>Mumbai Borivili >>Mumbai Juhu >>Mumbai Kalbadevi >>Mumbai Khar >>Mumbai Malabar Hills >>Mumbai Opera House >>Mumbai Vikhroli >>Mumbbai Masjid Bunder >>Service Branch Mumbai >>Vashi >>Worli

MICR code for Punjab And Sind Bank Koliwada Mumbai

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 Koliwada Mumbai 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. 423023004 is the MICR code of PSB Bank for Koliwada Mumbai branch. MICR code for Koliwada Mumbai 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 Koliwada Mumbai is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Koliwada Mumbai branch in mumbai

The MICR code 423023004 is used in RBI cheque clearing process to identify the branch Koliwada Mumbai 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.