SBI Bhavnagar Bhavnagar Gujarat MICR CODE

Find MICR Codes for SBI Bhavnagar Bhavnagar Gujarat

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhavnagar Sp.Ind.Finance
Contact 0278-2520710 Fax0 Ip No-6157301
Bank Details State Bank Of India Bhavnagar Sp.Ind.Finance SBIN0060415
Location Bhavnagar, Bhavnagar
City Bhavnagar
District Bhavnagar
State Gujarat
Pincode 364001
Country IN
Address Sp industrial fin br sbs building 1st floor,kalanala bhavnagar 364001
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 364002116 for Bhavnagar Sp.Ind.Finance 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 364002116 of State Bank Of India, Bhavnagar Sp.Ind.Finance branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Bhavnagar Sp.Ind.Finance branch, makes the characters readable even if there are other marks and stamps on it.

A total of 86 branches of State Bank Of India are available with micr code -

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MICR code for SBI Bhavnagar Sp.Ind.Finance

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 Bhavnagar Sp.Ind.Finance 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. 364002116 is the MICR code of SBI Bank for Bhavnagar Sp.Ind.Finance branch. MICR code for Bhavnagar Sp.Ind.Finance 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 Bhavnagar Sp.Ind.Finance is presented in the table alongside.

Use of State Bank Of India MICR code for Bhavnagar Sp.Ind.Finance branch in bhavnagar

The MICR code 364002116 is used in RBI cheque clearing process to identify the branch Bhavnagar Sp.Ind.Finance 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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