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Punjab And Sind Bank Raunta Moga Punjab MICR CODE

Find MICR Codes for Punjab And Sind Bank Raunta Moga Punjab

Bank Punjab And Sind Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raunta
Contact 01636-257260
Bank Details Punjab And Sind Bank Raunta PSIB0000577
Location Raunta, Moga
City Raunta
District Moga
State Punjab
Pincode 142045
Country IN
Address Raunta teh, moga, distt. Faridkot punjab-142045
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 Raunta 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, Raunta branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Raunta 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 -


MICR code for Punjab And Sind Bank Raunta

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

Use of Punjab Sind Bank MICR code for Raunta branch in raunta

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