Vijaya Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Vijaya Bank Chandigarh Chandigarh Chandigarh

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MICR Code	160029002
Bank	Vijaya Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Scpb Chandigarh
Contact
Bank Details	Vijaya Bank Scpb Chandigarh VIJB0006027

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160017
Country	IN
Address	P b no 136, sco 201-203, sector 34-a, chandigarh, 160017

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 160029002 for Scpb Chandigarh 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 160029002 of Vijaya Bank, Scpb Chandigarh branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Scpb Chandigarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Vijaya Bank are available with micr code -

>>Chandigarh Main >>Kharar Chandigarh >>Racpc Chandigarh >>Regional Office. Chandigarh >>Scpb Chandigarh >>Sector 40 Chandigarh

MICR code for Vijaya Bank Scpb Chandigarh

Vijaya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vijaya Bank MICR code for Scpb Chandigarh 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. 160029002 is the MICR code of Vijaya Bank for Scpb Chandigarh branch. MICR code for Scpb Chandigarh 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 Vijaya Bank Scpb Chandigarh is presented in the table alongside.

Use of Vijaya Bank MICR code for Scpb Chandigarh branch in chandigarh

The MICR code 160029002 is used in RBI cheque clearing process to identify the branch Scpb Chandigarh and Vijaya 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 Vijaya Bank is typically in either of these two font’s: E-138 and CMC-7.

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