Central Bank Gobind Garh Fatehgarh Saheb Punjab MICR CODE

Find MICR Codes for Central Bank Gobind Garh Fatehgarh Saheb Punjab

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MICR Code
Bank Central Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mandi Gobindgarh
Contact
Bank Details Central Bank Of India Mandi Gobindgarh CBIN0280323
Location Gobind Garh, Fatehgarh Saheb
City Gobind Garh
District Fatehgarh Saheb
State Punjab
Pincode 147301
Country IN
Address P.no. 47, g.t. Road, mandi gobindgarh
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 Mandi Gobindgarh 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 Central Bank Of India, Mandi Gobindgarh branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Mandi Gobindgarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Central Bank Of India are available with micr code -

>>Mandi Gobindgarh

MICR code for Central Bank Mandi Gobindgarh

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Mandi Gobindgarh 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 Central Bank India for Mandi Gobindgarh branch. MICR code for Mandi Gobindgarh 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 Central Bank Of India Mandi Gobindgarh is presented in the table alongside.

Use of Central Bank Of India MICR code for Mandi Gobindgarh branch in gobind garh

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

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