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SBI Jammu Jammu Jammu And Kashmir MICR CODE

Find MICR Codes for SBI Jammu Jammu Jammu And Kashmir

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Phallian Mandal
Contact 191-9797331986
Bank Details State Bank Of India Phallian Mandal SBIN0064534
Location Jammu, Jammu
City Jammu
District Jammu
State Jammu And Kashmir
Pincode 180003
Country IN
Address State bank of india,phallian mandal branch,parladpur colony,main market phallian mandal,dist.-jammu ut - j&k 180003
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 Phallian Mandal 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 India, Phallian Mandal branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Phallian Mandal branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Phallian Mandal

SBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of India MICR code for Phallian Mandal 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 SBI Bank for Phallian Mandal branch. MICR code for Phallian Mandal 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 India Phallian Mandal is presented in the table alongside.

Use of State Bank Of India MICR code for Phallian Mandal branch in jammu

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