Central Bank Sas Nagar(Mohali) Rupnagar Punjab MICR CODE

Find MICR Codes for Central Bank Sas Nagar(Mohali) Rupnagar Punjab

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MICR Code	160016012
Bank	Central Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mohali Sas Nagar
Contact	0172-2274232.
Bank Details	Central Bank Of India Mohali Sas Nagar CBIN0283262

Location	Sas Nagar(Mohali), Rupnagar
City	Sas Nagar(Mohali)
District	Rupnagar
State	Punjab
Pincode	160071
Country	IN
Address	Sas nagar branch,sco no528,sector 70,mohali (sas nagar),dist-sahibjada ajit singh,punjab-160071

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 160016012 for Mohali Sas 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 160016012 of Central Bank Of India, Mohali Sas Nagar branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Mohali Sas Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Central Bank Of India are available with micr code -

>>Mauli Baidwan >>Mohali Sas Nagar

MICR code for Central Bank Mohali Sas Nagar

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 Mohali Sas 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. 160016012 is the MICR code of Central Bank India for Mohali Sas Nagar branch. MICR code for Mohali Sas 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 Central Bank Of India Mohali Sas Nagar is presented in the table alongside.

Use of Central Bank Of India MICR code for Mohali Sas Nagar branch in sas nagar(mohali)

The MICR code 160016012 is used in RBI cheque clearing process to identify the branch Mohali Sas Nagar 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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