SBI Boreya Boreya Jharkhand MICR CODE

Find MICR Codes for SBI Boreya Boreya Jharkhand

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Boreya
Contact 0-9620970550
Bank Details State Bank Of India Boreya SBIN0061745
Location Boreya, Boreya
City Boreya
District Boreya
State Jharkhand
Pincode 834006
Country IN
Address Boreya morabadi road-834006
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 0 for Boreya 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 0 of State Bank Of India, Boreya branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Boreya branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of India are available with micr code -

>>Boreya

MICR code for SBI Boreya

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 Boreya 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. 0 is the MICR code of SBI Bank for Boreya branch. MICR code for Boreya 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 Boreya is presented in the table alongside.

Use of State Bank Of India MICR code for Boreya branch in boreya

The MICR code 0 is used in RBI cheque clearing process to identify the branch Boreya 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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