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SBI Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for SBI Panchkula Panchkula Haryana

Bank
State
District
City
Branch
Address

MICR Code	160002048
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sector 20 Panchkula (New Branch)
Contact	0172-2538530 Fax 0172-2538040
Bank Details	State Bank Of India Sector 20 Panchkula (New Branch) SBIN0010374

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode	134116
Country	IN
Address	Sector 20, panchkulatehsil and distt panchkulaharyana

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.

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Sector 20 Panchkula (New Branch) (160002048)

How does MICR code 160002048 for Sector 20 Panchkula (New Branch) 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 160002048 of State Bank Of India, Sector 20 Panchkula (New Branch) branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Sector 20 Panchkula (New Branch) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 32 branches of State Bank Of India are available with micr code -

>>Agm Sme Ao Panchkula >>Currency Administration Cell Panchkula >>Hseb Panchkula >>Industrial Estate Panchkula >>Mahesh Nagar Ambala Cantt >>Marranwala >>Mini Secretariat Panchkula >>Panchkula >>Panchkula >>Panchkula >>Panchkula Mdc Sec >>Panchkula Sec >>Panchkula Sec >>Panchkula Sec. >>Panchkula Sect >>Paploha >>Personal Banking Branch Panchkula >>Raipur Rani >>Ramgarh >>Rasmeccc >>Rbo Panchkula >>Rbotwo Panchkula >>Saketri >>Sbiintouch Sector Twenty Panchkula >>Sector 19 Panchkula >>Sector 20 Panchkula (New Branch) >>Sector 25 Panchkula >>Sector 5 Mdc Panchkula >>Sector Fourteen Panchkula >>Sector Panchkula >>Smec Panchkula >>Surajpur

MICR code for SBI Sector 20 Panchkula (New Branch)

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 Sector 20 Panchkula (New Branch) 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. 160002048 is the MICR code of SBI Bank for Sector 20 Panchkula (New Branch) branch. MICR code for Sector 20 Panchkula (New Branch) 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 Sector 20 Panchkula (New Branch) is presented in the table alongside.

Use of State Bank Of India MICR code for Sector 20 Panchkula (New Branch) branch in panchkula

The MICR code 160002048 is used in RBI cheque clearing process to identify the branch Sector 20 Panchkula (New Branch) 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.