AU Bank Patiala Patiala Punjab MICR CODE

Find MICR Codes for AU Bank Patiala Patiala Punjab

Bank
State
District
City
Branch
Address

MICR Code	147765002
Bank	AU Small Finance Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Patialaram Bagh
Contact	0
Bank Details	AU Small Finance Bank Limited Patialaram Bagh AUBL0002385

Location	Patiala, Patiala
City	Patiala
District	Patiala
State	Punjab
Pincode	147001
Country	IN
Address	Commercial property sco no 8 ground floor ram bagh near leela bhawan chowk patiala 147001

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 147765002 for Patialaram Bagh 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 147765002 of AU Small Finance Bank, Patialaram Bagh branch makes the system almost error free and faster. Use of AU Small Finance Bank MICR codes for Patialaram Bagh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of AU Small Finance Bank Limited are available with micr code -

>>Patialaram Bagh >>Urban Estate Patiala

MICR code for AU Bank Patialaram Bagh

AU Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. AU Small Finance Bank MICR code for Patialaram Bagh 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. 147765002 is the MICR code of AU Finance Bank for Patialaram Bagh branch. MICR code for Patialaram Bagh 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 AU Small Finance Bank Patialaram Bagh is presented in the table alongside.

Use of AU Small Finance Bank MICR code for Patialaram Bagh branch in patiala

The MICR code 147765002 is used in RBI cheque clearing process to identify the branch Patialaram Bagh and AU Small Finance 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 AU Finance Bank is typically in either of these two font’s: E-138 and CMC-7.

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