SBI Bhavnagar Bhavnagar Gujarat MICR CODE

Find MICR Codes for SBI Bhavnagar Bhavnagar Gujarat

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MICR Code	364002022
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	Mig 53 Ground Floor Near Jain Derasar
Contact	0278-2512793 Fax0 Ip No-121362
Bank Details	State Bank Of India Mig 53 Ground Floor Near Jain Derasar SBIN0060455

Location	Bhavnagar, Bhavnagar
City	Bhavnagar
District	Bhavnagar
State	Gujarat
Pincode
Country	IN
Address	Mig53,ground floor,near jain templeshastrinagar

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.

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Mig 53 Ground Floor Near Jain Derasar (364002022)

How does MICR code 364002022 for Mig 53 Ground Floor Near Jain Derasar 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 364002022 of State Bank Of India, Mig 53 Ground Floor Near Jain Derasar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Mig 53 Ground Floor Near Jain Derasar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 86 branches of State Bank Of India are available with micr code -

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MICR code for SBI Mig 53 Ground Floor Near Jain Derasar

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 Mig 53 Ground Floor Near Jain Derasar 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. 364002022 is the MICR code of SBI Bank for Mig 53 Ground Floor Near Jain Derasar branch. MICR code for Mig 53 Ground Floor Near Jain Derasar 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 Mig 53 Ground Floor Near Jain Derasar is presented in the table alongside.

Use of State Bank Of India MICR code for Mig 53 Ground Floor Near Jain Derasar branch in bhavnagar

The MICR code 364002022 is used in RBI cheque clearing process to identify the branch Mig 53 Ground Floor Near Jain Derasar 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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