Capital Local Bank Phagwara Kapurthala Punjab MICR CODE

Find MICR Codes for Capital Local Bank Phagwara Kapurthala Punjab

MICR Code: -NA-
Bank: Capital Local Area Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Phagwara
Contact: 01824-500602
Bank Details: Capital Local Area Bank Ltd Phagwara CLBL0000003
Location: Phagwara, Kapurthala
City: Phagwara
District: Kapurthala
State: Punjab
Pincode: 144401
Country: IN
Address: 14-A, Model Town, G.T. Road, Phagwara - 144401, Distt. Kapurthala
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.

Search Capital Local Bank MICR Codes in kapurthala

You can search through MICR Codes of Punjab branches in phagwara of District kapurthala in Punjab State by using the search box or you can browse through the table using the conrols at the bottom.

Capital Local Area Bank Ltd branches with micr codes are available in 6 cities-

>>Begowal >>Kala Sangian >>Kapurthala >>Nadala >>Phagwara >>Sultanpur Lodhi

How to find MICR codes for Capital Local Bank in phagwara?

Capital Local Bank phagwara MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Capital Bank MICR codes list for phagwara, one can further search by branch name specified in the table. You can find MICR codes for all Capital Local Bank phagwara branches.

Capital Bank MICR code in phagwara

Capital Local Bank MICR code is a character recognition technology used by banks in the processing of cheques. Capital Bank MICR code for phagwara branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Capital Local Area Bank branches in phagwara, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Capital Local Area Bank MICR code for phagwara branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Capital Local Bank phagwara branch, sprinted 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. Thus MICR code for Capital Bank phagwara branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Capital Local Area Bank MICR codes for phagwara branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!