SBI Ferozepur Ferozepur Punjab MICR CODE

Find MICR Codes for SBI Ferozepur Ferozepur Punjab

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Basti Machhian Zira
Contact 01682-250445 250467, Ip:407592
Bank Details State Bank Of India Basti Machhian Zira SBIN0004632
Location Ferozepur, Ferozepur
City Ferozepur
District Ferozepur
State Punjab
Pincode 142047
Country IN
Address Old talwandi road zira distt ferozepur punjab 142047
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 142002091 for Basti Machhian Zira 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 142002091 of State Bank Of India, Basti Machhian Zira branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Basti Machhian Zira branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Basti Machhian Zira

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 Basti Machhian Zira 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. 142002091 is the MICR code of SBI Bank for Basti Machhian Zira branch. MICR code for Basti Machhian Zira 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 Basti Machhian Zira is presented in the table alongside.

Use of State Bank Of India MICR code for Basti Machhian Zira branch in ferozepur

The MICR code 142002091 is used in RBI cheque clearing process to identify the branch Basti Machhian Zira 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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