SBI Kapurthala Phagwara Punjab MICR CODE

Find MICR Codes for SBI Kapurthala Phagwara 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 Phagwara P And Sb
Contact 266020
Bank Details State Bank Of India Phagwara P And Sb SBIN0050707
Location Kapurthala, Phagwara
City Kapurthala
District Phagwara
State Punjab
Pincode 144401
Country IN
Address Banga road phagwara distt kapurthala
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 Phagwara P And Sb 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, Phagwara P And Sb branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Phagwara P And Sb branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of State Bank Of India are available with micr code -

>>Narur >>Phagwara Guru Hargobind Nagar >>Phagwara Main >>Phagwara P And Sb >>Phagwara Rly. Road

MICR code for SBI Phagwara P And Sb

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 Phagwara P And Sb 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 Phagwara P And Sb branch. MICR code for Phagwara P And Sb 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 Phagwara P And Sb is presented in the table alongside.

Use of State Bank Of India MICR code for Phagwara P And Sb branch in kapurthala

The MICR code 0 is used in RBI cheque clearing process to identify the branch Phagwara P And Sb 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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