SBI Durg Durg Chhattisgarh MICR CODE

Find MICR Codes for SBI Durg Durg Chhattisgarh

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MICR Code	491002103
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	Balod
Contact	07749-222007,222835 fax:07749-204531
Bank Details	State Bank Of India Balod SBIN0000320

Location	Durg, Durg
City	Durg
District	Durg
State	Chhattisgarh
Pincode	491226
Country	IN
Address	Dist durg, chhattisgarh 491 226

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 491002103 for Balod 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 491002103 of State Bank Of India, Balod branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Balod branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of State Bank Of India are available with micr code -

>>Adarsh Nagar Durg >>Agriculture Commercial Branch Durg >>Balod >>Deshlahra Complex Durg >>Dhamda Road Durg >>Durg >>Kolihapuri >>Malviya Nagar Durg >>Padmanabhpur Durg >>Pulgaon Chowk Durg >>Rajhara >>Sme Durg >>Station Road Durg

MICR code for SBI Balod

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 Balod 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. 491002103 is the MICR code of SBI Bank for Balod branch. MICR code for Balod 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 Balod is presented in the table alongside.

Use of State Bank Of India MICR code for Balod branch in durg

The MICR code 491002103 is used in RBI cheque clearing process to identify the branch Balod 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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