SBP Bank Zirakpur Mohali Punjab MICR CODE

Find MICR Codes for SBP Bank Zirakpur Mohali Punjab

Bank
State
District
City
Branch
Address

MICR Code	160007086
Bank	State Bank Of Patiala
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Peermuchalla
Contact	6071128
Bank Details	State Bank Of Patiala Peermuchalla STBP0001471

Location	Zirakpur, Mohali
City	Zirakpur
District	Mohali
State	Punjab
Pincode	160104
Country	IN
Address	Sco 9 peermuchalla zirakpur

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 160007086 for Peermuchalla 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 160007086 of State Bank Of Patiala, Peermuchalla branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Peermuchalla branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of Patiala are available with micr code -

>>Peermuchalla

MICR code for SBP Bank Peermuchalla

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 Peermuchalla 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. 160007086 is the MICR code of SBP Bank for Peermuchalla branch. MICR code for Peermuchalla 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 Peermuchalla is presented in the table alongside.

Use of State Bank Of Patiala MICR code for Peermuchalla branch in zirakpur

The MICR code 160007086 is used in RBI cheque clearing process to identify the branch Peermuchalla 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.

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