Catholic Syrian Bank Shahid Bhagat Singh Nagar Nawanshahr Punjab MICR CODE

Find MICR Codes for Catholic Syrian Bank Shahid Bhagat Singh Nagar Nawanshahr Punjab

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MICR Code
Bank Catholic Syrian Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nawanshahr
Contact 91-9048261242
Bank Details Catholic Syrian Bank Ltd Nawanshahr CSBK0001242
Location Shahid Bhagat Singh Nagar, Nawanshahr
City Shahid Bhagat Singh Nagar
District Nawanshahr
State Punjab
Pincode 144514
Country IN
Address Ground floor, khasra no 5400 2133, khatoni no 1269 1495, banga road, nawanshehr, punjab 144514
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 Nawanshahr 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 CSB Bank, Nawanshahr branch makes the system almost error free and faster. Use of CSB Bank MICR codes for Nawanshahr branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Catholic Syrian Bank Ltd are available with micr code -

>>Nawanshahr

MICR code for Catholic Syrian Bank Nawanshahr

Catholic Syrian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. CSB Bank MICR code for Nawanshahr 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 Syrian Bank for Nawanshahr branch. MICR code for Nawanshahr 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 CSB Bank Nawanshahr is presented in the table alongside.

Use of CSB Bank MICR code for Nawanshahr branch in shahid bhagat singh nagar

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

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