SBI Choral Indore Madhya Pradesh MICR CODE

Find MICR Codes for SBI Choral Indore Madhya 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 Choral
Contact 07324-264228
Bank Details State Bank Of India Choral SBIN0030254
Location Choral, Indore
City Choral
District Indore
State Madhya Pradesh
Pincode 453441
Country IN
Address Choral
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.

Search SBI MICR Codes in indore

You can search through MICR Codes of Madhya Pradesh branches in choral of District indore in Madhya Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Choral

How to find MICR codes for SBI in choral?

SBI choral MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From State Bank Of India MICR codes list for choral, one can further search by branch name specified in the table. You can find MICR codes for all SBI choral branches.

State Bank Of India MICR code in choral

SBI MICR code is a character recognition technology used by banks in the processing of cheques. State Bank Of India MICR code for choral branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for SBI Bank branches in choral, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does SBI Bank MICR code for choral branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a SBI choral branch, sprinted 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. Thus MICR code for State Bank Of India choral branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of SBI Bank MICR codes for choral branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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