SBI Lachung North Sikkim Sikkim MICR CODE

Find MICR Codes for SBI Lachung North Sikkim Sikkim

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MICR Code	737002514
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	Lachung
Contact	03592-214855
Bank Details	State Bank Of India Lachung SBIN0008510

Location	Lachung, North Sikkim
City	Lachung
District	North Sikkim
State	Sikkim
Pincode	737120
Country	IN
Address	Lachung,dt north sikkim,sikkim 737120

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 737002514 for Lachung 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 737002514 of State Bank Of India, Lachung branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Lachung branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of India are available with micr code -

>>Lachung

MICR code for SBI Lachung

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 Lachung 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. 737002514 is the MICR code of SBI Bank for Lachung branch. MICR code for Lachung 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 Lachung is presented in the table alongside.

Use of State Bank Of India MICR code for Lachung branch in lachung

The MICR code 737002514 is used in RBI cheque clearing process to identify the branch Lachung 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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