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SBI Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for SBI Chandigarh Chandigarh Chandigarh

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panjab Engineering College Chandigrah
Contact 0172-2744072 Fax-2744319 Ip-400436
Bank Details State Bank Of India Panjab Engineering College Chandigrah SBIN0002452
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160012
Country IN
Address Sector-12, chandigarh, chandigarh chandigarh 160012
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 160002008 for Panjab Engineering College Chandigrah 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 160002008 of State Bank Of India, Panjab Engineering College Chandigrah branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Panjab Engineering College Chandigrah branch, makes the characters readable even if there are other marks and stamps on it.

A total of 91 branches of State Bank Of India are available with micr code -

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MICR code for SBI Panjab Engineering College Chandigrah

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 Panjab Engineering College Chandigrah 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. 160002008 is the MICR code of SBI Bank for Panjab Engineering College Chandigrah branch. MICR code for Panjab Engineering College Chandigrah 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 Panjab Engineering College Chandigrah is presented in the table alongside.

Use of State Bank Of India MICR code for Panjab Engineering College Chandigrah branch in chandigarh

The MICR code 160002008 is used in RBI cheque clearing process to identify the branch Panjab Engineering College Chandigrah 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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