SBI East Nimar East Nimar Madhya Pradesh MICR CODE

Find MICR Codes for SBI East Nimar East Nimar 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 Racpc Khandwa
Contact 733-8878688007
Bank Details State Bank Of India Racpc Khandwa SBIN0064189
Location East Nimar, East Nimar
City East Nimar
District East Nimar
State Madhya Pradesh
Pincode 450001
Country IN
Address Racpc khandwa,ground floor ( shop no.15-22 ) and first floor ( shop no.122-127),dwarka trade centre,pandhana road,tehsil - khandwa,dist.khandwa -450001,mp
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 Racpc Khandwa 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, Racpc Khandwa branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Racpc Khandwa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of State Bank Of India are available with micr code -

>>Amba >>Racpc Khandwa

MICR code for SBI Racpc Khandwa

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 Racpc Khandwa 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 Racpc Khandwa branch. MICR code for Racpc Khandwa 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 Racpc Khandwa is presented in the table alongside.

Use of State Bank Of India MICR code for Racpc Khandwa branch in east nimar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Racpc Khandwa 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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