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SBP Bank Coimbatore Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for SBP Bank Coimbatore Coimbotore Tamil Nadu

MICR Code
Bank State Bank Of Patiala
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Coimbatore
Contact 0422-2552743
Bank Details State Bank Of Patiala Coimbatore STBP0000661
Location Coimbatore, Coimbotore
City Coimbatore
District Coimbotore
State Tamil Nadu
Pincode 641001
Country IN
Address R s puram, coimbatore-2
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 Coimbatore 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, Coimbatore branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Coimbatore 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 -

>>Coimbatore

MICR code for SBP Bank Coimbatore

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 Coimbatore 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 Coimbatore branch. MICR code for Coimbatore 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 Coimbatore is presented in the table alongside.

Use of State Bank Of Patiala MICR code for Coimbatore branch in coimbatore

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