SBI Budaun Budaun Uttar Pradesh MICR CODE

Find MICR Codes for SBI Budaun Budaun Uttar Pradesh

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MICR Code	202002105
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	Islam Nagar
Contact	05834-'245451,245568,
Bank Details	State Bank Of India Islam Nagar SBIN0001696

Location	Budaun, Budaun
City	Budaun
District	Budaun
State	Uttar Pradesh
Pincode	243601
Country	IN
Address	Islamnagar

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 202002105 for Islam Nagar 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 202002105 of State Bank Of India, Islam Nagar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Islam Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 15 branches of State Bank Of India are available with micr code -

>>A D B Budaun >>Bilsi >>Bisauli Fimm Racc >>Budaun >>Budaun Fimm Dsh >>Budaun Racc R And Db >>Cac Budaun >>Dataganj >>Ghantaghar Budaun >>Islam Nagar >>Junabai >>Mini Racpc Budaun >>Rural Cpc Budaun >>Sme Budaun >>Usawan

MICR code for SBI Islam Nagar

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 Islam Nagar 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. 202002105 is the MICR code of SBI Bank for Islam Nagar branch. MICR code for Islam Nagar 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 Islam Nagar is presented in the table alongside.

Use of State Bank Of India MICR code for Islam Nagar branch in budaun

The MICR code 202002105 is used in RBI cheque clearing process to identify the branch Islam Nagar 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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