SBP Bank Samalkha Panipat Haryana MICR CODE

Find MICR Codes for SBP Bank Samalkha Panipat 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 Samalkha Msa
Contact 2572886
Bank Details State Bank Of Patiala Samalkha Msa STBP0001464
Location Samalkha, Panipat
City Samalkha
District Panipat
State Haryana
Pincode 132101
Country IN
Address Beholi road mini secretariate samalkha
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 132007155 for Samalkha Msa 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 132007155 of State Bank Of Patiala, Samalkha Msa branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Samalkha Msa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of State Bank Of Patiala are available with micr code -

>>Samalkha >>Samalkha Msa

MICR code for SBP Bank Samalkha Msa

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 Samalkha Msa 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. 132007155 is the MICR code of SBP Bank for Samalkha Msa branch. MICR code for Samalkha Msa 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 Samalkha Msa is presented in the table alongside.

Use of State Bank Of Patiala MICR code for Samalkha Msa branch in samalkha

The MICR code 132007155 is used in RBI cheque clearing process to identify the branch Samalkha Msa 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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