SBI Muzaffar Nagar Muzaffar Nagar Uttar Pradesh MICR CODE

Find MICR Codes for SBI Muzaffar Nagar Muzaffar Nagar Uttar Pradesh

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Budhana Town
Contact Ip.307649
Bank Details State Bank Of India Budhana Town SBIN0007434
Location Muzaffar Nagar, Muzaffar Nagar
City Muzaffar Nagar
District Muzaffar Nagar
State Uttar Pradesh
Pincode 251309
Country IN
Address Budhana towndist muzaffarnagar
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 251002051 for Budhana Town 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 251002051 of State Bank Of India, Budhana Town branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Budhana Town branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Budhana Town

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 Budhana Town 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. 251002051 is the MICR code of SBI Bank for Budhana Town branch. MICR code for Budhana Town 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 Budhana Town is presented in the table alongside.

Use of State Bank Of India MICR code for Budhana Town branch in muzaffar nagar

The MICR code 251002051 is used in RBI cheque clearing process to identify the branch Budhana Town 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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