SBI Gaya Gaya Bihar MICR CODE

Find MICR Codes for SBI Gaya Gaya Bihar

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Cac Gaya
Contact 0-9801279375
Bank Details State Bank Of India Cac Gaya SBIN0062163
Location Gaya, Gaya
City Gaya
District Gaya
State Bihar
Pincode 823001
Country IN
Address Sbi gaya main branch building,kutchery road,gaya -823001
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 Cac Gaya 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, Cac Gaya branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Cac Gaya branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Cac Gaya

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 Cac Gaya 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 Cac Gaya branch. MICR code for Cac Gaya 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 Cac Gaya is presented in the table alongside.

Use of State Bank Of India MICR code for Cac Gaya branch in gaya

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