SBI Padampur Bargarh Orissa MICR CODE

Find MICR Codes for SBI Padampur Bargarh Orissa

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Padampur Evening
Contact
Bank Details State Bank Of India Padampur Evening SBIN0013621
Location Padampur, Bargarh
City Padampur
District Bargarh
State Orissa
Pincode 768036
Country IN
Address At/po: padampur,dist:bargarh-768036
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 0 for Padampur Evening 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 0 of State Bank Of India, Padampur Evening branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Padampur Evening 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 -

>>Padampur Evening

MICR code for SBI Padampur Evening

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 Padampur Evening 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. 0 is the MICR code of SBI Bank for Padampur Evening branch. MICR code for Padampur Evening 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 Padampur Evening is presented in the table alongside.

Use of State Bank Of India MICR code for Padampur Evening branch in padampur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Padampur Evening 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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