SBI Aurangabad Aurangabad Bihar MICR CODE

Find MICR Codes for SBI Aurangabad Aurangabad Bihar

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MICR Code	824002503
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	Daudnagar
Contact	06328-228657,228748
Bank Details	State Bank Of India Daudnagar SBIN0005609

Location	Aurangabad, Aurangabad
City	Aurangabad
District	Aurangabad
State	Bihar
Pincode	824113
Country	IN
Address	Aurangabad bihar 824113

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 824002503 for Daudnagar 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 824002503 of State Bank Of India, Daudnagar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Daudnagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 14 branches of State Bank Of India are available with micr code -

>>Amba >>Aurangabad >>Barun >>Cac Aurangabad >>Daudnagar >>Deo >>Obra >>P. B. B.Aurangabad (Bihar) >>Racc Aurangabad >>Rafiganj >>Rbo Aurangabad >>Satyendra Nagar >>Sme Aurangabad >>Surar Nabinagar Block

MICR code for SBI Daudnagar

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 Daudnagar 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. 824002503 is the MICR code of SBI Bank for Daudnagar branch. MICR code for Daudnagar 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 Daudnagar is presented in the table alongside.

Use of State Bank Of India MICR code for Daudnagar branch in aurangabad

The MICR code 824002503 is used in RBI cheque clearing process to identify the branch Daudnagar 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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