Sbp Bank Patiala Patiala Punjab MICR CODE

Find MICR Codes for Sbp Bank Patiala Patiala Punjab

Bank
State
District
City
Branch
Address
MICR Code: -NA-
Bank: State Bank Of Patiala
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Patiala Arya Samaj
Contact: 0175-2309857
Bank Details: State Bank Of Patiala Patiala Arya Samaj STBP0000005
Location: Patiala, Patiala
City: Patiala
District: Patiala
State: Punjab
Pincode: 147001
Country: IN
Address: Press Road,Patiala
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 Patiala Arya Samaj 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 State Bank Of Patiala, Patiala Arya Samaj branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Patiala Arya Samaj branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Sbp Bank Patiala Arya Samaj

Sbp Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of Patiala MICR code for Patiala Arya Samaj 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 State Bank Of Patiala for Patiala Arya Samaj branch. MICR code for Patiala Arya Samaj 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 State Bank Of Patiala Patiala Arya Samaj is presented in the table alongside.

Use of State Bank Of Patiala MICR code for Patiala Arya Samaj branch in patiala

The MICR code 0 is used in RBI cheque clearing process to identify the branch Patiala Arya Samaj and State Bank Of Patiala 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 State Bank Of Patiala is typically in either of these two font’s: E-138 and CMC-7.