SBI Amarwada Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for SBI Amarwada Chhindwara Madhya Pradesh

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Amarwada
Contact Ip:121319 Tel: 07167-222227,223362
Bank Details State Bank Of India Amarwada SBIN0001713
Location Amarwada, Chhindwara
City Amarwada
District Chhindwara
State Madhya Pradesh
Pincode 480221
Country IN
Address Dist chhindwara, madhya pradesh 480221
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 480002105 for Amarwada 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 480002105 of State Bank Of India, Amarwada branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Amarwada branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of India are available with micr code -

>>Amarwada

MICR code for SBI Amarwada

SBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of India MICR code for Amarwada 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. 480002105 is the MICR code of SBI Bank for Amarwada branch. MICR code for Amarwada 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 State Bank Of India Amarwada is presented in the table alongside.

Use of State Bank Of India MICR code for Amarwada branch in amarwada

The MICR code 480002105 is used in RBI cheque clearing process to identify the branch Amarwada and State 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 SBI Bank is typically in either of these two font’s: E-138 and CMC-7.

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