SBP Bank Faridabad Faridabad Haryana MICR CODE

Find MICR Codes for SBP Bank Faridabad Faridabad Haryana

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MICR Code
Bank State Bank Of Patiala
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Faridabad Sec 58
Contact 256580
Bank Details State Bank Of Patiala Faridabad Sec 58 STBP0001448
Location Faridabad, Faridabad
City Faridabad
District Faridabad
State Haryana
Pincode 121004
Country IN
Address Lal dass plaza rajeev colony samaypur road sector 58 faridabad haryana pin 121004
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 110007092 for Faridabad Sec 58 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 110007092 of State Bank Of Patiala, Faridabad Sec 58 branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Faridabad Sec 58 branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBP Bank Faridabad Sec 58

SBP Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of Patiala MICR code for Faridabad Sec 58 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. 110007092 is the MICR code of SBP Bank for Faridabad Sec 58 branch. MICR code for Faridabad Sec 58 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 Patiala Faridabad Sec 58 is presented in the table alongside.

Use of State Bank Of Patiala MICR code for Faridabad Sec 58 branch in faridabad

The MICR code 110007092 is used in RBI cheque clearing process to identify the branch Faridabad Sec 58 and State Bank Of Patiala 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 SBP Bank is typically in either of these two font’s: E-138 and CMC-7.

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