SBI Shivpuri Shivpuri Madhya Pradesh MICR CODE

Find MICR Codes for SBI Shivpuri Shivpuri Madhya Pradesh

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MICR Code	473002072
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	Kolaras
Contact	112299
Bank Details	State Bank Of India Kolaras SBIN0003216

Location	Shivpuri, Shivpuri
City	Shivpuri
District	Shivpuri
State	Madhya Pradesh
Pincode	473770
Country	IN
Address	Dist shivpuri, madhya pradesh 473 770

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 473002072 for Kolaras 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 473002072 of State Bank Of India, Kolaras branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Kolaras 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 -

>>Cac Shivpuri >>Chandawani >>Deharwara >>Fimm Dshv Shivpuri >>Gurudwara Chowk Shivpuri >>Khaniyadhana >>Kolaras >>Narwar >>New Block Shivpuri >>Personal Banking Branch Shivpuri >>Racc Shivpuri Fi And Mm >>Racc Shivpuri R And Db >>Regional Business Office 5 Shivpuri >>Shivpuri

MICR code for SBI Kolaras

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 Kolaras 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. 473002072 is the MICR code of SBI Bank for Kolaras branch. MICR code for Kolaras 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 Kolaras is presented in the table alongside.

Use of State Bank Of India MICR code for Kolaras branch in shivpuri

The MICR code 473002072 is used in RBI cheque clearing process to identify the branch Kolaras 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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