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SBP Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for SBP Bank Chandigarh Chandigarh Chandigarh

MICR Code
Bank State Bank Of Patiala
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chandigarh Sector 35C
Contact 0172-2603270,2660156
Bank Details State Bank Of Patiala Chandigarh Sector 35C STBP0000949
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160022
Country IN
Address State bank of patiala sco 439-440 sector 35c ,chandigarh-160022
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 160007058 for Chandigarh Sector 35C 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 160007058 of State Bank Of Patiala, Chandigarh Sector 35C branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Chandigarh Sector 35C branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBP Bank Chandigarh Sector 35C

SBP Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of Patiala MICR code for Chandigarh Sector 35C 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. 160007058 is the MICR code of SBP Bank for Chandigarh Sector 35C branch. MICR code for Chandigarh Sector 35C 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 Patiala Chandigarh Sector 35C is presented in the table alongside.

Use of State Bank Of Patiala MICR code for Chandigarh Sector 35C branch in chandigarh

The MICR code 160007058 is used in RBI cheque clearing process to identify the branch Chandigarh Sector 35C and State Bank Of Patiala 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 SBP Bank is typically in either of these two font’s: E-138 and CMC-7.