SBI Padoli Chandrapur Maharashtra MICR CODE

Find MICR Codes for SBI Padoli Chandrapur Maharashtra

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Padoli
Contact 9850307815
Bank Details State Bank Of India Padoli SBIN0011145
Location Padoli, Chandrapur
City Padoli
District Chandrapur
State Maharashtra
Pincode 442401
Country IN
Address Plot no 1, modern shopping cum commercial complex 1st floor, padoli 442401
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 442002587 for Padoli 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 442002587 of State Bank Of India, Padoli branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Padoli 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 -

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MICR code for SBI Padoli

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 Padoli 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. 442002587 is the MICR code of SBI Bank for Padoli branch. MICR code for Padoli 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 Padoli is presented in the table alongside.

Use of State Bank Of India MICR code for Padoli branch in padoli

The MICR code 442002587 is used in RBI cheque clearing process to identify the branch Padoli 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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