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SBP Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for SBP Bank Chandigarh Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

MICR Code	160007056
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	Sec 40 Chandigarh
Contact	0172-2691289
Bank Details	State Bank Of Patiala Sec 40 Chandigarh STBP0000931

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160036
Country	IN
Address	Govt. Model senior secondary school, sec-40 chandigarh

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 160007056 for Sec 40 Chandigarh 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 160007056 of State Bank Of Patiala, Sec 40 Chandigarh branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Sec 40 Chandigarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 40 branches of State Bank Of Patiala are available with micr code -

>>Bhiuli >>Chandigarh >>Chandigarh (Sect 49B) >>Chandigarh 17 C >>Chandigarh 22 B >>Chandigarh 22 D >>Chandigarh 32 C >>Chandigarh 35 D >>Chandigarh 7 C >>Chandigarh Distt. Courts >>Chandigarh Grain Market 26 >>Chandigarh Industrial Area >>Chandigarh Pb And Haryana Highct >>Chandigarh Sec 16 >>Chandigarh Sec 34 >>Chandigarh Sector 10 D >>Chandigarh Sector 19 C >>Chandigarh Sector 20D >>Chandigarh Sector 35C >>Chandigarh Sector 38 C >>Commercial Branch Chandigarh >>Dadumajra >>Daria >>Kaimbwala >>Kazheri >>Khuda Ali Sher >>Maloya >>Mani Majra(Chandigarh) >>Money Shoppe >>Money Shoppe >>Personal Banking Branch Chandigarh >>Raipur Kalan >>Sarangpur >>Sec 40 Chandigarh >>Sector 15 D Chandigarh >>Sector 29 Chandigarh >>Sector 44C Chandigarh >>Sector 46 C Chandigarh >>St. Stephen School Sector 45 >>Tribune Chandigarh

MICR code for SBP Bank Sec 40 Chandigarh

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 Sec 40 Chandigarh 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. 160007056 is the MICR code of SBP Bank for Sec 40 Chandigarh branch. MICR code for Sec 40 Chandigarh 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 Sec 40 Chandigarh is presented in the table alongside.

Use of State Bank Of Patiala MICR code for Sec 40 Chandigarh branch in chandigarh

The MICR code 160007056 is used in RBI cheque clearing process to identify the branch Sec 40 Chandigarh 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.