SBP Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for SBP Bank Panchkula Panchkula Haryana

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MICR Code	-NA-
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	Panchkula Sec 20
Contact	0172-2552153,4658677
Bank Details	State Bank Of Patiala Panchkula Sec 20 STBP0000827

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode	134112
Country	IN
Address	Sco-236,sec-20,panchkula

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 Panchkula Sec 20 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 Patiala, Panchkula Sec 20 branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Panchkula Sec 20 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 Panchkula Sec 20

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 Panchkula Sec 20 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 SBP Bank for Panchkula Sec 20 branch. MICR code for Panchkula Sec 20 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 Panchkula Sec 20 is presented in the table alongside.

Use of State Bank Of Patiala MICR code for Panchkula Sec 20 branch in panchkula

The MICR code 0 is used in RBI cheque clearing process to identify the branch Panchkula Sec 20 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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