Punjab And Sind Bank Dhanbad Dhanbad Jharkhand MICR CODE

Find MICR Codes for Punjab And Sind Bank Dhanbad Dhanbad Jharkhand

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MICR Code	-NA-
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	Nawadih
Contact	6553-231891
Bank Details	Punjab And Sind Bank Nawadih PSIB0021106

Location	Dhanbad, Dhanbad
City	Dhanbad
District	Dhanbad
State	Jharkhand
Pincode	826001
Country	IN
Address	Hirak road opposite asrafi hospital post b polytec distt dhanbad jharkhand

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

A total of 3 branches of Punjab And Sind Bank are available with micr code -

>>Dhanbad >>Doon Public School Dhanbad >>Nawadih

MICR code for Punjab And Sind Bank Nawadih

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

Use of Punjab Sind Bank MICR code for Nawadih branch in dhanbad

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

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