SBI Hoshiarpur Hoshiarpur Punjab MICR CODE

Find MICR Codes for SBI Hoshiarpur Hoshiarpur Punjab

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saila Khurd
Contact 8196840077
Bank Details State Bank Of India Saila Khurd SBIN0017010
Location Hoshiarpur, Hoshiarpur
City Hoshiarpur
District Hoshiarpur
State Punjab
Pincode 144529
Country IN
Address Saila khurd, saila kalan road, vpo saila khurd, teh muerian, hoshiarpur, punjab144529
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 Saila Khurd 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, Saila Khurd branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Saila Khurd branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Saila Khurd

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 Saila Khurd 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 Saila Khurd branch. MICR code for Saila Khurd 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 Saila Khurd is presented in the table alongside.

Use of State Bank Of India MICR code for Saila Khurd branch in hoshiarpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Saila Khurd 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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