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SBP Bank Mustafabad Yamunanagar Haryana MICR CODE

Find MICR Codes for SBP Bank Mustafabad Yamunanagar Haryana

MICR Code
Bank State Bank Of Patiala
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mustafabad
Contact 01732-229657/229757
Bank Details State Bank Of Patiala Mustafabad STBP0000092
Location Mustafabad, Yamunanagar
City Mustafabad
District Yamunanagar
State Haryana
Pincode 133103
Country IN
Address Vpo mustafabad haryana
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 Mustafabad 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, Mustafabad branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Mustafabad 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 -

>>Mustafabad

MICR code for SBP Bank Mustafabad

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

Use of State Bank Of Patiala MICR code for Mustafabad branch in mustafabad

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