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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 22 D
Contact 0172-2709499/2700285/2705953/Fax-910172-2701623
Bank Details State Bank Of Patiala Chandigarh 22 D STBP0000117
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160022
Country IN
Address Sector-22d sco no-7
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 0 for Chandigarh 22 D 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 0 of State Bank Of Patiala, Chandigarh 22 D branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Chandigarh 22 D branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBP Bank Chandigarh 22 D

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 22 D 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. 0 is the MICR code of SBP Bank for Chandigarh 22 D branch. MICR code for Chandigarh 22 D 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 22 D is presented in the table alongside.

Use of State Bank Of Patiala MICR code for Chandigarh 22 D branch in chandigarh

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chandigarh 22 D 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.