SBI Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for SBI Amritsar Amritsar 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 Mohan Nagar Amritsar
Contact 0183-2705477 2580245 2701833 Ip.-404461
Bank Details State Bank Of India Mohan Nagar Amritsar SBIN0001529
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143001
Country IN
Address 253 mohannagar industrial area dist amritsar, punjab 143001
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 143002007 for Mohan Nagar Amritsar 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 143002007 of State Bank Of India, Mohan Nagar Amritsar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Mohan Nagar Amritsar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Mohan Nagar Amritsar

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 Mohan Nagar Amritsar 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. 143002007 is the MICR code of SBI Bank for Mohan Nagar Amritsar branch. MICR code for Mohan Nagar Amritsar 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 Mohan Nagar Amritsar is presented in the table alongside.

Use of State Bank Of India MICR code for Mohan Nagar Amritsar branch in amritsar

The MICR code 143002007 is used in RBI cheque clearing process to identify the branch Mohan Nagar Amritsar 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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