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SBI Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for SBI Chandigarh Chandigarh Chandigarh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Punjab University
Contact 0172-2541252 Ip400411
Bank Details State Bank Of India Punjab University SBIN0000742
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160014
Country IN
Address Pu sector 14,chandigarh,pin 160014
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 160002009 for Punjab University 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 160002009 of State Bank Of India, Punjab University branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Punjab University branch, makes the characters readable even if there are other marks and stamps on it.

A total of 91 branches of State Bank Of India are available with micr code -

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MICR code for SBI Punjab University

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 Punjab University 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. 160002009 is the MICR code of SBI Bank for Punjab University branch. MICR code for Punjab University 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 Punjab University is presented in the table alongside.

Use of State Bank Of India MICR code for Punjab University branch in chandigarh

The MICR code 160002009 is used in RBI cheque clearing process to identify the branch Punjab University 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.

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