Central Bank Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Central Bank Raipur Raipur Chhattisgarh

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MICR Code
Bank Central Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raipur Main Office
Contact
Bank Details Central Bank Of India Raipur Main Office CBIN0280803
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492001
Country IN
Address Mobin mahal , g.e. Road raipur - 492001 (c.g.)
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 492016002 for Raipur Main Office 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 492016002 of Central Bank Of India, Raipur Main Office branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Raipur Main Office branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Central Bank Raipur Main Office

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Raipur Main Office 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. 492016002 is the MICR code of Central Bank India for Raipur Main Office branch. MICR code for Raipur Main Office 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 Central Bank Of India Raipur Main Office is presented in the table alongside.

Use of Central Bank Of India MICR code for Raipur Main Office branch in raipur

The MICR code 492016002 is used in RBI cheque clearing process to identify the branch Raipur Main Office and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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