SBI Malout Sri Muktsar Sahib Punjab MICR CODE

Find MICR Codes for SBI Malout Sri Muktsar Sahib Punjab

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch G.T. Road Malout
Contact 9465156201
Bank Details State Bank Of India G.T. Road Malout SBIN0017018
Location Malout, Sri Muktsar Sahib
City Malout
District Sri Muktsar Sahib
State Punjab
Pincode 152107
Country IN
Address Opposite makkar place, g.t. Road, malout, distt.sri muktsar sahib. Punjab-152107
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 G.T. Road Malout 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 India, G.T. Road Malout branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for G.T. Road Malout branch, makes the characters readable even if there are other marks and stamps on it.

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

>>G.T. Road Malout

MICR code for SBI G.T. Road Malout

SBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of India MICR code for G.T. Road Malout 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 SBI Bank for G.T. Road Malout branch. MICR code for G.T. Road Malout 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 India G.T. Road Malout is presented in the table alongside.

Use of State Bank Of India MICR code for G.T. Road Malout branch in malout

The MICR code 0 is used in RBI cheque clearing process to identify the branch G.T. Road Malout and State 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 SBI Bank is typically in either of these two font’s: E-138 and CMC-7.

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