SBI Chhindwara Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for SBI Chhindwara Chhindwara 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 Ganj Area
Contact 07162-235893 07162-235894 (Fax) 07162-235895 Ip-200581
Bank Details State Bank Of India Ganj Area SBIN0005940
Location Chhindwara, Chhindwara
City Chhindwara
District Chhindwara
State Madhya Pradesh
Pincode 480001
Country IN
Address Ganj area, chhindwara, gandhiganj,mp 480001
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 480002104 for Ganj Area 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 480002104 of State Bank Of India, Ganj Area branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Ganj Area branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Ganj Area

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 Ganj Area 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. 480002104 is the MICR code of SBI Bank for Ganj Area branch. MICR code for Ganj Area 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 Ganj Area is presented in the table alongside.

Use of State Bank Of India MICR code for Ganj Area branch in chhindwara

The MICR code 480002104 is used in RBI cheque clearing process to identify the branch Ganj Area 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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