SBI Chhindwara Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for SBI Chhindwara Chhindwara Madhya Pradesh

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pbb Chhindwara
Contact Tel: 07141-232874, 232380
Bank Details State Bank Of India Pbb Chhindwara SBIN0012290
Location Chhindwara, Chhindwara
City Chhindwara
District Chhindwara
State Madhya Pradesh
Pincode 480001
Country IN
Address Pankaj plaza,nagpur road,chhindwara,distchhindwara 480001
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 Pbb Chhindwara 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, Pbb Chhindwara branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Pbb Chhindwara branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Pbb Chhindwara

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 Pbb Chhindwara 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 Pbb Chhindwara branch. MICR code for Pbb Chhindwara 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 Pbb Chhindwara is presented in the table alongside.

Use of State Bank Of India MICR code for Pbb Chhindwara branch in chhindwara

The MICR code 0 is used in RBI cheque clearing process to identify the branch Pbb Chhindwara 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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