Central Bank Durg Durg Chhattisgarh MICR CODE

Find MICR Codes for Central Bank Durg Durg Chhattisgarh

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MICR Code	490016003
Bank	Central Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Transport Nagar Bhilai
Contact	0788-2286694
Bank Details	Central Bank Of India Transport Nagar Bhilai CBIN0283161

Location	Durg, Durg
City	Durg
District	Durg
State	Chhattisgarh
Pincode	490021
Country	IN
Address	Ge road opp ram mandir bhilai 3, dist-durg, chhattisgarh-490021.

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 490016003 for Transport Nagar Bhilai 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 490016003 of Central Bank Of India, Transport Nagar Bhilai branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Transport Nagar Bhilai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Central Bank Of India are available with micr code -

>>Durg >>Jila Sahakri Kendriya Bank Maryadit Durg >>Radhika Nagar Bhilai >>Transport Nagar Bhilai

MICR code for Central Bank Transport Nagar Bhilai

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 Transport Nagar Bhilai 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. 490016003 is the MICR code of Central Bank India for Transport Nagar Bhilai branch. MICR code for Transport Nagar Bhilai 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 Transport Nagar Bhilai is presented in the table alongside.

Use of Central Bank Of India MICR code for Transport Nagar Bhilai branch in durg

The MICR code 490016003 is used in RBI cheque clearing process to identify the branch Transport Nagar Bhilai 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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