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Punjab And Sind Bank Vijayawada Vijayawada Andhra Pradesh MICR CODE

Find MICR Codes for Punjab And Sind Bank Vijayawada Vijayawada Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	520023001
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	Vijayawada
Contact	2574193
Bank Details	Punjab And Sind Bank Vijayawada PSIB0000318

Location	Vijayawada, Vijayawada
City	Vijayawada
District	Vijayawada
State	Andhra Pradesh
Pincode	520002
Country	IN
Address	Prakasan road, governorpet, vijayawada

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 520023001 for Vijayawada 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 520023001 of Punjab Sind Bank, Vijayawada branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Vijayawada 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 -

>>Vijayawada

MICR code for Punjab And Sind Bank Vijayawada

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 Vijayawada 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. 520023001 is the MICR code of PSB Bank for Vijayawada branch. MICR code for Vijayawada 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 Vijayawada is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Vijayawada branch in vijayawada

The MICR code 520023001 is used in RBI cheque clearing process to identify the branch Vijayawada 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.