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HSBC Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for HSBC Chandigarh Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

MICR Code	160039002
Bank	Hsbc
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chandigarh
Contact	Sachin Vinayak Ph: 9888877711 E-Mail: Sachinvinayak@hsbc.Co.In
Bank Details	Hsbc Chandigarh HSBC0160002

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160017
Country	IN
Address	Sco 1, sector 9-d, chandigarh 160 017

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 160039002 for Chandigarh 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 160039002 of HSBC Bank, Chandigarh branch makes the system almost error free and faster. Use of HSBC Bank MICR codes for Chandigarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Hsbc are available with micr code -

>>Chandigarh

MICR code for HSBC Chandigarh

HSBC MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. HSBC Bank MICR code for Chandigarh 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. 160039002 is the MICR code of Hongkong And Shanghai Banking Corporation for Chandigarh branch. MICR code for Chandigarh 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 HSBC Bank Chandigarh is presented in the table alongside.

Use of HSBC Bank MICR code for Chandigarh branch in chandigarh

The MICR code 160039002 is used in RBI cheque clearing process to identify the branch Chandigarh and HSBC 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 Hongkong And Shanghai Banking Corporation is typically in either of these two font’s: E-138 and CMC-7.