SBI Niwari Niwari Madhya Pradesh MICR CODE

Find MICR Codes for SBI Niwari Niwari 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 Kakawani Khas
Contact 7680-9827634883
Bank Details State Bank Of India Kakawani Khas SBIN0064286
Location Niwari, Niwari
City Niwari
District Niwari
State Madhya Pradesh
Pincode 472336
Country IN
Address Village - kakawani khas, tehsil - prithvipur, district - niwari - 472336, madhya pradesh
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 Kakawani Khas 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, Kakawani Khas branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Kakawani Khas branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of State Bank Of India are available with micr code -

>>Cac Niwari >>Civil Lines Niwari >>Kakawani Khas

MICR code for SBI Kakawani Khas

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 Kakawani Khas 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 Kakawani Khas branch. MICR code for Kakawani Khas 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 Kakawani Khas is presented in the table alongside.

Use of State Bank Of India MICR code for Kakawani Khas branch in niwari

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kakawani Khas 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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