SBI Gaya Gaya Bihar MICR CODE

Find MICR Codes for SBI Gaya Gaya Bihar

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Anuragh Colony Gaya
Contact 0631-2221562 0631-2228284 Ip-550606
Bank Details State Bank Of India Anuragh Colony Gaya SBIN0003588
Location Gaya, Gaya
City Gaya
District Gaya
State Bihar
Pincode 823001
Country IN
Address Anugrahpuri.colony, gaya, bihar, pin.823001
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 823002007 for Anuragh Colony Gaya 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 823002007 of State Bank Of India, Anuragh Colony Gaya branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Anuragh Colony Gaya branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Anuragh Colony Gaya

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 Anuragh Colony Gaya 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. 823002007 is the MICR code of SBI Bank for Anuragh Colony Gaya branch. MICR code for Anuragh Colony Gaya 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 Anuragh Colony Gaya is presented in the table alongside.

Use of State Bank Of India MICR code for Anuragh Colony Gaya branch in gaya

The MICR code 823002007 is used in RBI cheque clearing process to identify the branch Anuragh Colony Gaya 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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