SBI Baripada Mayurbhanj Orissa MICR CODE

Find MICR Codes for SBI Baripada Mayurbhanj Orissa

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MICR Code	756002103
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	Bazar Branch Baripada
Contact	06792-320115 09937134671
Bank Details	State Bank Of India Bazar Branch Baripada SBIN0010253

Location	Baripada, Mayurbhanj
City	Baripada
District	Mayurbhanj
State	Orissa
Pincode	757001
Country	IN
Address	Anand bazar waed no 9 baripada mayurbhanj orissa 757001

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 756002103 for Bazar Branch Baripada 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 756002103 of State Bank Of India, Bazar Branch Baripada branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Bazar Branch Baripada branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of State Bank Of India are available with micr code -

>>Baripada >>Baripada Evening >>Bazar Branch Baripada >>Medical College Campus Baripada >>Shyamakhunta >>Takatpur I E

MICR code for SBI Bazar Branch Baripada

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 Bazar Branch Baripada 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. 756002103 is the MICR code of SBI Bank for Bazar Branch Baripada branch. MICR code for Bazar Branch Baripada 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 Bazar Branch Baripada is presented in the table alongside.

Use of State Bank Of India MICR code for Bazar Branch Baripada branch in baripada

The MICR code 756002103 is used in RBI cheque clearing process to identify the branch Bazar Branch Baripada 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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