SBI Shajapur Shajapur Madhya Pradesh MICR CODE

Find MICR Codes for SBI Shajapur Shajapur Madhya Pradesh

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MICR Code	465002004
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	Maksi Nagar
Contact	07363-233051,233418
Bank Details	State Bank Of India Maksi Nagar SBIN0006998

Location	Shajapur, Shajapur
City	Shajapur
District	Shajapur
State	Madhya Pradesh
Pincode	465106
Country	IN
Address	Shajapur, madhya pradesh 465106

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 465002004 for Maksi 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 465002004 of State Bank Of India, Maksi Nagar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Maksi Nagar 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 -

>>Avantipur Badodiya >>Chowk Bazar Shajapur >>Fimm Dsh V Shajapur >>Maksi Nagar >>Mandoda Sab >>Racc Shajapur Fi And Mm >>Rcpc Shajapur >>Shajapur

MICR code for SBI Maksi 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 Maksi 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. 465002004 is the MICR code of SBI Bank for Maksi Nagar branch. MICR code for Maksi 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 Maksi Nagar is presented in the table alongside.

Use of State Bank Of India MICR code for Maksi Nagar branch in shajapur

The MICR code 465002004 is used in RBI cheque clearing process to identify the branch Maksi 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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