SBI Sagar Sagar Madhya Pradesh MICR CODE

Find MICR Codes for SBI Sagar Sagar Madhya Pradesh

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MICR Code	470002305
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bada Bazar Sagar
Contact	07582-249121 249896 I.P- 200551
Bank Details	State Bank Of India Bada Bazar Sagar SBIN0009816

Location	Sagar, Sagar
City	Sagar
District	Sagar
State	Madhya Pradesh
Pincode	470002
Country	IN
Address	Chameli chowkbada bazar,sagar pin - 470002

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 470002305 for Bada Bazar Sagar 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 470002305 of State Bank Of India, Bada Bazar Sagar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Bada Bazar Sagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 15 branches of State Bank Of India are available with micr code -

>>Bada Bazar Sagar >>Banda >>Civil Lines Saugor >>Collectorate Balaghat >>Fimm Dshxii Sagar >>Gopalganj Sagar >>Gujrati Bazar Sagar >>Khurai >>Madhya Bharat Gramin Bank >>Makronia Sagar >>Medical College Branch Sagar >>Mrc Sagar >>Rasmec Sagar >>Sagar Main >>Saugor University Sagar

MICR code for SBI Bada Bazar Sagar

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 Bada Bazar Sagar 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. 470002305 is the MICR code of SBI Bank for Bada Bazar Sagar branch. MICR code for Bada Bazar Sagar 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 Bada Bazar Sagar is presented in the table alongside.

Use of State Bank Of India MICR code for Bada Bazar Sagar branch in sagar

The MICR code 470002305 is used in RBI cheque clearing process to identify the branch Bada Bazar Sagar 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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