SBI Sagar Sagar Madhya Pradesh MICR CODE

Find MICR Codes for SBI Sagar Sagar Madhya Pradesh

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MICR Code	470002016
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	Banda
Contact	07583-252950, Mob. 9425614531
Bank Details	State Bank Of India Banda SBIN0010168

Location	Sagar, Sagar
City	Sagar
District	Sagar
State	Madhya Pradesh
Pincode	470335
Country	IN
Address	Dist sagar, madhya pradesh

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 470002016 for Banda 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 470002016 of State Bank Of India, Banda branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Banda 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 Banda

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 Banda 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. 470002016 is the MICR code of SBI Bank for Banda branch. MICR code for Banda 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 Banda is presented in the table alongside.

Use of State Bank Of India MICR code for Banda branch in sagar

The MICR code 470002016 is used in RBI cheque clearing process to identify the branch Banda 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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