Sbp Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Sbp Bank Delhi New Delhi New Delhi

MICR Code: -NA-
Bank: State Bank Of Patiala
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: New Delhi Bali Nagar
Contact: 011-5433589
Bank Details: State Bank Of Patiala New Delhi Bali Nagar STBP0000003
Location: Delhi, New Delhi
City: Delhi
District: New Delhi
State: New Delhi
Pincode: 110015
Country: IN
Address: Bali Nagar, New Delhi-110015
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 New Delhi Bali Nagar 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, New Delhi Bali Nagar branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for New Delhi Bali Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Sbp Bank New Delhi Bali Nagar

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 New Delhi Bali Nagar 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 State Bank Of Patiala for New Delhi Bali Nagar branch. MICR code for New Delhi Bali Nagar 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 New Delhi Bali Nagar is presented in the table alongside.

Use of State Bank Of Patiala MICR code for New Delhi Bali Nagar branch in delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch New Delhi Bali Nagar 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 State Bank Of Patiala is typically in either of these two font’s: E-138 and CMC-7.