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Punjab And Sind Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Punjab And Sind Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Punjab And Sind Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai Khar
Contact 022-26043930
Bank Details Punjab And Sind Bank Mumbai Khar PSIB0000300
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400052
Country IN
Address 315,linking road , khar mumbai-400052
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 400023005 for Mumbai Khar 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 400023005 of Punjab Sind Bank, Mumbai Khar branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Mumbai Khar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab And Sind Bank Mumbai Khar

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 Mumbai Khar 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. 400023005 is the MICR code of PSB Bank for Mumbai Khar branch. MICR code for Mumbai Khar 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 Mumbai Khar is presented in the table alongside.

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

The MICR code 400023005 is used in RBI cheque clearing process to identify the branch Mumbai Khar 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.