SBI Bokaro Bokaro Jharkhand MICR CODE

Find MICR Codes for SBI Bokaro Bokaro Jharkhand

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MICR Code	827002505
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	Peterbar
Contact	556463 , 06549-265028/265087/265091
Bank Details	State Bank Of India Peterbar SBIN0002993

Location	Bokaro, Bokaro
City	Bokaro
District	Bokaro
State	Jharkhand
Pincode	829121
Country	IN
Address	Bokaro, jharkhand 829121

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 827002505 for Peterbar 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 827002505 of State Bank Of India, Peterbar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Peterbar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 21 branches of State Bank Of India are available with micr code -

>>Admn Building Bokaro >>Amy Kandra >>B I Area >>Bari Co Operatiave Tetulia >>Bokaro >>Bokaro Steel City >>Bokaro Thermal >>Chandankiari >>Chas >>Chas Court Area >>Commercial Branch Bokaro >>Currency Administration Cell >>Gomia >>Kander >>Peterbar >>Phusro Bazar >>Racc Bokaro >>Rasecc Cum Sarc Bokaro >>Rbo Bokaro >>Sec 1 Bokaro >>Sector Xii Bokaro

MICR code for SBI Peterbar

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 Peterbar 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. 827002505 is the MICR code of SBI Bank for Peterbar branch. MICR code for Peterbar 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 Peterbar is presented in the table alongside.

Use of State Bank Of India MICR code for Peterbar branch in bokaro

The MICR code 827002505 is used in RBI cheque clearing process to identify the branch Peterbar 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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