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Punjab And Sind Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Punjab And Sind Bank Madurai Madurai Tamil Nadu

Bank
State
District
City
Branch
Address

MICR Code	625023002
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	Madurai
Contact
Bank Details	Punjab And Sind Bank Madurai PSIB0021287

Location	Madurai, Madurai
City	Madurai
District	Madurai
State	Tamil Nadu
Pincode	625001
Country	IN
Address	No-95, west perumal maistry street, madurai, tamilnadu pincode: 625001

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 625023002 for Madurai 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 625023002 of Punjab Sind Bank, Madurai branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Madurai 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 -

>>Madurai

MICR code for Punjab And Sind Bank Madurai

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 Madurai 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. 625023002 is the MICR code of PSB Bank for Madurai branch. MICR code for Madurai 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 Madurai is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Madurai branch in madurai

The MICR code 625023002 is used in RBI cheque clearing process to identify the branch Madurai 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.