SBI Latehar Latehar Jharkhand MICR CODE

Find MICR Codes for SBI Latehar Latehar Jharkhand

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MICR Code	829002605
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	Netarhat
Contact	06569-277670
Bank Details	State Bank Of India Netarhat SBIN0002985

Location	Latehar, Latehar
City	Latehar
District	Latehar
State	Jharkhand
Pincode	835218
Country	IN
Address	Netarhat public school campus,dt latehar,jharkhand 835218

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 829002605 for Netarhat 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 829002605 of State Bank Of India, Netarhat branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Netarhat branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of State Bank Of India are available with micr code -

>>Chandwa >>Latehar >>Latehar Railway Station >>Netarhat

MICR code for SBI Netarhat

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 Netarhat 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. 829002605 is the MICR code of SBI Bank for Netarhat branch. MICR code for Netarhat 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 Netarhat is presented in the table alongside.

Use of State Bank Of India MICR code for Netarhat branch in latehar

The MICR code 829002605 is used in RBI cheque clearing process to identify the branch Netarhat 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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