SBP Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for SBP Bank Panchkula Panchkula Haryana

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MICR Code	160007074
Bank	State Bank Of Patiala
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mini Secretariat Panchkula
Contact	2584071
Bank Details	State Bank Of Patiala Mini Secretariat Panchkula STBP0001505

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode	134109
Country	IN
Address	State bank of patiala, mini secretariat branch, sector1, panchkula, haryana 134109

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 160007074 for Mini Secretariat Panchkula 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 160007074 of State Bank Of Patiala, Mini Secretariat Panchkula branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Mini Secretariat Panchkula branch, makes the characters readable even if there are other marks and stamps on it.

A total of 12 branches of State Bank Of Patiala are available with micr code -

>>Hseb Panchkula >>Marranwala >>Mini Secretariat Panchkula >>Panchkula (Sec. 12) >>Panchkula Mdc Sec 5 >>Panchkula Sec 15 >>Panchkula Sec 20 >>Panchkula Sect25 >>Paploha >>Personal Banking Branch Panchkula >>Saketri >>Sector 7 Panchkula

MICR code for SBP Bank Mini Secretariat Panchkula

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 Mini Secretariat Panchkula 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. 160007074 is the MICR code of SBP Bank for Mini Secretariat Panchkula branch. MICR code for Mini Secretariat Panchkula 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 Mini Secretariat Panchkula is presented in the table alongside.

Use of State Bank Of Patiala MICR code for Mini Secretariat Panchkula branch in panchkula

The MICR code 160007074 is used in RBI cheque clearing process to identify the branch Mini Secretariat Panchkula 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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