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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 of State Bank Of Patiala, branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.
>>Bahadurgarh >>Bhupinder Nagar Patiala >>Hni >>Lagroi >>Mall Road Patiala >>Mid Corporate Branch >>Mini Secretariat >>No Phatak >>Patiala A.D.B. >>Patiala Arya Samaj >>Patiala Aurbindo Bhawan >>Patiala Cantt >>Patiala Chowk Fort >>Patiala Dc >>Patiala Dharampura Bazar >>Patiala Diesel Camp Works >>Patiala Dukhniwaran Sahib >>Patiala I.O.Complex >>Patiala Industrial Estate >>Patiala Model Town >>Patiala Modi College >>Patiala N.I.S. >>Patiala Old Police Lines >>Patiala P.S.E.B. >>Patiala Pbi University >>Patiala Personal Bkg >>Patiala Rajindra Hospital >>Patiala Sai Market >>Patiala Sanauri Adda >>Patiala Shakti Vihar >>Patiala Sirhindi Bazar >>Patiala State College >>Patiala Thapar Institute >>Patiala Treasury Branch >>Patiala Tripuri Saidan >>Patiala Victoria School >>Patiala Y.P.S. >>Rajgarh >>Stressed Assets Recovery Branch >>Urban Estate P Ii Patiala
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 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. is the MICR code of SBP Bank for branch. MICR code for 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 is presented in the table alongside.
The MICR code is used in RBI cheque clearing process to identify the branch 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.