The HP State Coop Bank Mandi Mandi Himachal Pradesh MICR CODE

Find MICR Codes for The HP State Coop Bank Mandi Mandi Himachal Pradesh

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MICR Code
Bank Himachal Pradesh State Cooperative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saulikhad
Contact 237659
Bank Details Himachal Pradesh State Cooperative Bank Ltd Saulikhad HPSC0000328
Location Mandi, Mandi
City Mandi
District Mandi
State Himachal Pradesh
Pincode 175001
Country IN
Address Saulikahd pin 175001
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 175311103 for Saulikhad 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 175311103 of Himachal Pradesh Coop Bank, Saulikhad branch makes the system almost error free and faster. Use of Himachal Pradesh Coop Bank MICR codes for Saulikhad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Himachal Pradesh State Cooperative Bank Ltd are available with micr code -

>>Chakkar >>Khaddar >>Mandi >>Rakhoh >>Saulikhad

MICR code for The HP State Coop Bank Saulikhad

The HP State Coop Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Himachal Pradesh Coop Bank MICR code for Saulikhad 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. 175311103 is the MICR code of Himachal Pradesh State Coop Bank for Saulikhad branch. MICR code for Saulikhad 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 Himachal Pradesh Coop Bank Saulikhad is presented in the table alongside.

Use of Himachal Pradesh Coop Bank MICR code for Saulikhad branch in mandi

The MICR code 175311103 is used in RBI cheque clearing process to identify the branch Saulikhad and Himachal Pradesh Coop 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 Himachal Pradesh State Coop Bank is typically in either of these two font’s: E-138 and CMC-7.

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