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Punjab And Sind Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Punjab And Sind Bank Delhi New Delhi New Delhi

MICR Code
Bank Punjab And Sind Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rajendra Place New Delhi
Contact 011-25711836/25822306
Bank Details Punjab And Sind Bank Rajendra Place New Delhi PSIB0000606
Location Delhi, New Delhi
City Delhi
District New Delhi
State New Delhi
Pincode 110008
Country IN
Address 21,bank houserajendra place,ground floor new delhi
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 110023041 for Rajendra Place New Delhi 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 110023041 of Punjab Sind Bank, Rajendra Place New Delhi branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Rajendra Place New Delhi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab And Sind Bank Rajendra Place New Delhi

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 Rajendra Place New Delhi 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. 110023041 is the MICR code of PSB Bank for Rajendra Place New Delhi branch. MICR code for Rajendra Place New Delhi 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 Rajendra Place New Delhi is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Rajendra Place New Delhi branch in delhi

The MICR code 110023041 is used in RBI cheque clearing process to identify the branch Rajendra Place New Delhi 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.