Capital Local Bank Phagwara Kapurthala Punjab MICR CODE

Find MICR Codes for Capital Local Bank Phagwara Kapurthala Punjab

Bank
State
District
City
Branch
Address
MICR Code: -NA-
Bank: Capital Local Area Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Phagwara
Contact: 01824-500602
Bank Details: Capital Local Area Bank Ltd Phagwara CLBL0000003
Location: Phagwara, Kapurthala
City: Phagwara
District: Kapurthala
State: Punjab
Pincode: 144401
Country: IN
Address: 14-A, Model Town, G.T. Road, Phagwara - 144401, Distt. Kapurthala
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 Phagwara 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 Capital Bank, Phagwara branch makes the system almost error free and faster. Use of Capital Bank MICR codes for Phagwara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Capital Local Area Bank Ltd are available with micr code -

>>Phagwara

MICR code for Capital Local Bank Phagwara

Capital Local Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Capital Bank MICR code for Phagwara 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 Capital Local Area Bank for Phagwara branch. MICR code for Phagwara 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 Capital Bank Phagwara is presented in the table alongside.

Use of Capital Bank MICR code for Phagwara branch in phagwara

The MICR code 0 is used in RBI cheque clearing process to identify the branch Phagwara and Capital 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 Capital Local Area Bank is typically in either of these two font’s: E-138 and CMC-7.

TOP