Standard Chartered Bank Jalgaon Jalgaon Maharashtra MICR CODE

Find MICR Codes for Standard Chartered Bank Jalgaon Jalgaon Maharashtra

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MICR Code
Bank Standard Chartered Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jalgaon
Contact 91-257-2237400
Bank Details Standard Chartered Bank Jalgaon SCBL0036071
Location Jalgaon, Jalgaon
City Jalgaon
District Jalgaon
State Maharashtra
Pincode 425002
Country IN
Address Baba plaza, akaswani square, mumbai-nagpur road, jalgaon - 425 002.
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 Jalgaon 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 SCB, Jalgaon branch makes the system almost error free and faster. Use of SCB MICR codes for Jalgaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Standard Chartered Bank are available with micr code -

>>Jalgaon

MICR code for Standard Chartered Bank Jalgaon

Standard Chartered Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SCB MICR code for Jalgaon 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 Standard Chartered Bank for Jalgaon branch. MICR code for Jalgaon 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 SCB Jalgaon is presented in the table alongside.

Use of SCB MICR code for Jalgaon branch in jalgaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Jalgaon and SCB 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 Standard Chartered Bank is typically in either of these two font’s: E-138 and CMC-7.

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