SBI Bageshwar Bageshwar Uttrakhand MICR CODE

Find MICR Codes for SBI Bageshwar Bageshwar Uttrakhand

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MICR Code	263002702
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	Bageshwar
Contact	Ip:314017; 05963-220005,220389,220198
Bank Details	State Bank Of India Bageshwar SBIN0001693

Location	Bageshwar, Bageshwar
City	Bageshwar
District	Bageshwar
State	Uttrakhand
Pincode	263642
Country	IN
Address	Dist bageshwar, uttarakhand 263642

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 263002702 for Bageshwar 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 263002702 of State Bank Of India, Bageshwar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Bageshwar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of State Bank Of India are available with micr code -

>>Bageshwar >>Cac Bageshwar >>Dangoli >>Dsh I Bageshwar >>Garur >>Gingortala >>Kanda >>Kathyatbara >>Ravikhal

MICR code for SBI Bageshwar

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 Bageshwar 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. 263002702 is the MICR code of SBI Bank for Bageshwar branch. MICR code for Bageshwar 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 Bageshwar is presented in the table alongside.

Use of State Bank Of India MICR code for Bageshwar branch in bageshwar

The MICR code 263002702 is used in RBI cheque clearing process to identify the branch Bageshwar 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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