SBI Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for SBI Amritsar Amritsar Punjab

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MICR Code	143002713
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rayya
Contact	9417312435
Bank Details	State Bank Of India Rayya SBIN0010737

Location	Amritsar, Amritsar
City	Amritsar
District	Amritsar
State	Punjab
Pincode	143112
Country	IN
Address	Pheruman road rayyaamritsar dist punjab 143112

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 143002713 for Rayya 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 143002713 of State Bank Of India, Rayya branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Rayya branch, makes the characters readable even if there are other marks and stamps on it.

A total of 64 branches of State Bank Of India are available with micr code -

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MICR code for SBI Rayya

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 Rayya 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. 143002713 is the MICR code of SBI Bank for Rayya branch. MICR code for Rayya 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 Rayya is presented in the table alongside.

Use of State Bank Of India MICR code for Rayya branch in amritsar

The MICR code 143002713 is used in RBI cheque clearing process to identify the branch Rayya 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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