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Punjab And Sind Bank New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Punjab And Sind Bank New 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 Vikas Puri Delhi
Contact 25573154
Bank Details Punjab And Sind Bank Vikas Puri Delhi PSIB0000927
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110018
Country IN
Address C-26, vikas puri, new delhi-110018
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 Vikas Puri 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 0 of Punjab Sind Bank, Vikas Puri Delhi branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Vikas Puri Delhi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab And Sind Bank Vikas Puri 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 Vikas Puri 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. 0 is the MICR code of PSB Bank for Vikas Puri Delhi branch. MICR code for Vikas Puri 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 Vikas Puri Delhi is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Vikas Puri Delhi branch in new delhi

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