SBI Faizabad Faizabad Uttar Pradesh MICR CODE

Find MICR Codes for SBI Faizabad Faizabad Uttar Pradesh

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MICR Code	224002999
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	Bikapur
Contact	340623 05270-267025
Bank Details	State Bank Of India Bikapur SBIN0001112

Location	Faizabad, Faizabad
City	Faizabad
District	Faizabad
State	Uttar Pradesh
Pincode	224204
Country	IN
Address	Dist faizabad, uttar 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 224002999 for Bikapur 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 224002999 of State Bank Of India, Bikapur branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Bikapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 21 branches of State Bank Of India are available with micr code -

>>Avadh University >>Bikapur >>Cac Faizabad >>Chaurechanduli >>Chowk Faizabad >>Deokali >>Dsh Fi And Mm Faizabad >>Faizabad >>Haringtonganj >>Kaushalpuri >>Maya Bazar >>Milkipur >>Motinagar >>Naka >>Nduat Pithla >>Pura Bazar Faizabad >>Racc Fi And Mm Faizabad >>Racc R And Db Faizabad >>Rbo Iv Faizabad >>Sme Faizabad >>Tarun

MICR code for SBI Bikapur

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 Bikapur 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. 224002999 is the MICR code of SBI Bank for Bikapur branch. MICR code for Bikapur 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 Bikapur is presented in the table alongside.

Use of State Bank Of India MICR code for Bikapur branch in faizabad

The MICR code 224002999 is used in RBI cheque clearing process to identify the branch Bikapur 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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