SBP Bank Patiala Patiala Punjab MICR CODE

Find MICR Codes for SBP Bank Patiala Patiala Punjab

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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	Stressed Assets Recovery Branch
Contact	2284917
Bank Details	State Bank Of Patiala Stressed Assets Recovery Branch STBP0001514

Location	Patiala, Patiala
City	Patiala
District	Patiala
State	Punjab
Pincode	147002
Country	IN
Address	Sco 109 110 urban estate phase ii patiala 147002

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 Stressed Assets Recovery Branch 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, Stressed Assets Recovery Branch branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Stressed Assets Recovery Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 40 branches of State Bank Of Patiala are available with micr code -

>>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

MICR code for SBP Bank Stressed Assets Recovery Branch

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 Stressed Assets Recovery Branch 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 Stressed Assets Recovery Branch branch. MICR code for Stressed Assets Recovery Branch 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 Stressed Assets Recovery Branch is presented in the table alongside.

Use of State Bank Of Patiala MICR code for Stressed Assets Recovery Branch branch in patiala

The MICR code 0 is used in RBI cheque clearing process to identify the branch Stressed Assets Recovery 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.

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