SBI Khandwa Khandwa Madhya Pradesh MICR CODE

Find MICR Codes for SBI Khandwa Khandwa Madhya Pradesh

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	450002004
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	Lalchowki
Contact	0733-2233090 Ip:112850
Bank Details	State Bank Of India Lalchowki SBIN0009156

Location	Khandwa, Khandwa
City	Khandwa
District	Khandwa
State	Madhya Pradesh
Pincode	450001
Country	IN
Address	Lal chowki khandwa, nagchun road, e nimar, mp

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 450002004 for Lalchowki 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 450002004 of State Bank Of India, Lalchowki branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Lalchowki branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of State Bank Of India are available with micr code -

>>Cac Khandwa Branch >>Civil Lines Khandwa >>Indore Road Khandwa >>Lalchowki >>Patel Chambers Khandwa >>Racc Khandwa R And Db >>Rbo Khandwa >>Rcpc Khandwa

MICR code for SBI Lalchowki

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 Lalchowki 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. 450002004 is the MICR code of SBI Bank for Lalchowki branch. MICR code for Lalchowki 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 Lalchowki is presented in the table alongside.

Use of State Bank Of India MICR code for Lalchowki branch in khandwa

The MICR code 450002004 is used in RBI cheque clearing process to identify the branch Lalchowki 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.

Copied!