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Standard Chartered Bank Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for Standard Chartered Bank Amritsar Amritsar Punjab

MICR Code
Bank Standard Chartered Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Amritsar
Contact 0183-5003756
Bank Details Standard Chartered Bank Amritsar SCBL0036038
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143001
Country IN
Address 360, mall road, gandhi bazar, amritsar - 143 001
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 143036003 for Amritsar 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 143036003 of SCB, Amritsar branch makes the system almost error free and faster. Use of SCB MICR codes for Amritsar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Standard Chartered Bank are available with micr code -

>>Amritsar

MICR code for Standard Chartered Bank Amritsar

Standard Chartered Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SCB MICR code for Amritsar 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. 143036003 is the MICR code of Standard Chartered Bank for Amritsar branch. MICR code for Amritsar 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 SCB Amritsar is presented in the table alongside.

Use of SCB MICR code for Amritsar branch in amritsar

The MICR code 143036003 is used in RBI cheque clearing process to identify the branch Amritsar and SCB 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 Standard Chartered Bank is typically in either of these two font’s: E-138 and CMC-7.