MICR Code Bank
Find MICR code for RBS Bank branches in India for NEFT and RTGS transfer

RBS Bank MICR CODE

Find MICR Codes for RBS Bank

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  1. Royal Bank Of Scotland »
  2. Haryana »
  3. panipat »
  4. panipat »
  5. panipat

Find MICR Codes for RBS Bank

MICR Code: 132030002
Bank: Royal Bank Of Scotland
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Panipat
Contact: +91 180 4016328-32,Fax: +91-180-4016326
Bank Details: Royal Bank Of Scotland Panipat ABNA0100320
Location: Panipat, Panipat
City: Panipat
District: Panipat
State: Haryana
Pincode: 132103
Country: IN
Address: Showroom #1196/7(part), opp. N.k. Tower, g.t. Road, panipat - 132103

How does MICR code for 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 of Royal Bank Of Scotland, branch makes the system almost error free and faster. Use of Royal Bank Of Scotland MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Royal Bank Of Scotland are available with micr code

>>Panipat

MICR code for RBS Bank

RBS Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Royal Bank Of Scotland MICR code for 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. is the MICR code of Royal Scotland Bank for branch. MICR code for 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 Royal Bank Of Scotland is presented in the table alongside.

Use of Royal Bank Of Scotland MICR code for branch in panipat

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