Capital Bank Sultanpur Lodhi Kapurthala Punjab MICR CODE

Find MICR Codes for Capital Bank Sultanpur Lodhi Kapurthala Punjab

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MICR Code
Bank Capital Small Finance Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sultanpur Lodhi
Contact 01828-502000
Bank Details Capital Small Finance Bank Ltd Sultanpur Lodhi CLBL0000019
Location Sultanpur Lodhi, Kapurthala
City Sultanpur Lodhi
District Kapurthala
State Punjab
Pincode 144626
Country IN
Address Near shaheed udham singh chowk, kapurthala road, sultanpur lodhi - 144626, 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.

How does MICR code 0 for Sultanpur Lodhi 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 Capital Small Finance Bank, Sultanpur Lodhi branch makes the system almost error free and faster. Use of Capital Small Finance Bank MICR codes for Sultanpur Lodhi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Capital Small Finance Bank Ltd are available with micr code -

>>Boolpur >>Sultanpur Lodhi

MICR code for Capital Bank Sultanpur Lodhi

Capital Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Capital Small Finance Bank MICR code for Sultanpur Lodhi 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 Capital Bank for Sultanpur Lodhi branch. MICR code for Sultanpur Lodhi 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 Capital Small Finance Bank Sultanpur Lodhi is presented in the table alongside.

Use of Capital Small Finance Bank MICR code for Sultanpur Lodhi branch in sultanpur lodhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sultanpur Lodhi and Capital Small Finance Bank 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 Capital Bank is typically in either of these two font’s: E-138 and CMC-7.

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