SBI Damoh Damoh Madhya Pradesh MICR CODE

Find MICR Codes for SBI Damoh Damoh Madhya Pradesh

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MICR Code	470002416
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	Patera
Contact	Ip: 121697, 07605-272226
Bank Details	State Bank Of India Patera SBIN0002881

Location	Damoh, Damoh
City	Damoh
District	Damoh
State	Madhya Pradesh
Pincode	470772
Country	IN
Address	Damoh, madhya pradesh 470772

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 470002416 for Patera 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 470002416 of State Bank Of India, Patera branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Patera branch, makes the characters readable even if there are other marks and stamps on it.

A total of 22 branches of State Bank Of India are available with micr code -

>>A D B Damoh >>Batiagarh >>Cac Damoh >>Damoh >>Devdongra >>Fimm Rboiv Damoh >>Futera Kalan >>Hindoria >>Hinotakalan >>Jabera >>Khanderi >>Kindraho Sab >>Kumhari >>Patera >>Patnaraja >>Racc Damoh Fi And Mm >>Racc Damoh R And Db >>Rbo Damoh >>Station Road Damoh >>Tandon Complex Damoh >>Tejgarh (Sanga) >>Tendukheda

MICR code for SBI Patera

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 Patera 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. 470002416 is the MICR code of SBI Bank for Patera branch. MICR code for Patera 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 Patera is presented in the table alongside.

Use of State Bank Of India MICR code for Patera branch in damoh

The MICR code 470002416 is used in RBI cheque clearing process to identify the branch Patera 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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