State Bank Of Bikaner And Jaipur Mohali Rupnagar Punjab MICR CODE

Find MICR Codes for State Bank Of Bikaner And Jaipur Mohali Rupnagar Punjab

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MICR Code	160003003
Bank	State Bank Of Bikaner And Jaipur
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mohali
Contact	Branch Manager,0172-2234600
Bank Details	State Bank Of Bikaner And Jaipur Mohali SBBJ0010859

Location	Mohali, Rupnagar
City	Mohali
District	Rupnagar
State	Punjab
Pincode	160055
Country	IN
Address	Sco 4 & 5, phase 11, sas nagar, mohali, punjab

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 160003003 for Mohali 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 160003003 of SBBJ Bank, Mohali branch makes the system almost error free and faster. Use of SBBJ Bank MICR codes for Mohali branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of Bikaner And Jaipur are available with micr code -

>>Mohali

MICR code for State Bank Of Bikaner And Jaipur Mohali

State Bank Of Bikaner And Jaipur MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SBBJ Bank MICR code for Mohali 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. 160003003 is the MICR code of State Bank Of Bikaner And Jaipur for Mohali branch. MICR code for Mohali 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 SBBJ Bank Mohali is presented in the table alongside.

Use of SBBJ Bank MICR code for Mohali branch in mohali

The MICR code 160003003 is used in RBI cheque clearing process to identify the branch Mohali and SBBJ Bank 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 State Bank Of Bikaner And Jaipur is typically in either of these two font’s: E-138 and CMC-7.

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