SBI Baroda Vadodara Gujarat MICR CODE

Find MICR Codes for SBI Baroda Vadodara Gujarat

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panchvati
Contact Bm Mob-9979894417
Bank Details State Bank Of India Panchvati SBIN0010979
Location Baroda, Vadodara
City Baroda
District Vadodara
State Gujarat
Pincode 390016
Country IN
Address Shop, no, 5, 6, 7, 8, vrundavan, apartment, gorwa, refinery, road, vadodara
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 390002052 for Panchvati 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 390002052 of State Bank Of India, Panchvati branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Panchvati branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Panchvati

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 Panchvati 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. 390002052 is the MICR code of SBI Bank for Panchvati branch. MICR code for Panchvati 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 Panchvati is presented in the table alongside.

Use of State Bank Of India MICR code for Panchvati branch in baroda

The MICR code 390002052 is used in RBI cheque clearing process to identify the branch Panchvati 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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