SBI Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for SBI Rajkot Rajkot Gujarat

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MICR Code	360002023
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	Rajkot Stock Ex.
Contact	0281-2443367 Fax0 Ip No-6154466
Bank Details	State Bank Of India Rajkot Stock Ex. SBIN0060331

Location	Rajkot, Rajkot
City	Rajkot
District	Rajkot
State	Gujarat
Pincode	360001
Country	IN
Address	Opp chavdi police station,sadar bazar,stock exchange bldg,rajkot 360001

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 360002023 for Rajkot Stock Ex. 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 360002023 of State Bank Of India, Rajkot Stock Ex. branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Rajkot Stock Ex. branch, makes the characters readable even if there are other marks and stamps on it.

A total of 94 branches of State Bank Of India are available with micr code -

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MICR code for SBI Rajkot Stock Ex.

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 Rajkot Stock Ex. 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. 360002023 is the MICR code of SBI Bank for Rajkot Stock Ex. branch. MICR code for Rajkot Stock Ex. 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 Rajkot Stock Ex. is presented in the table alongside.

Use of State Bank Of India MICR code for Rajkot Stock Ex. branch in rajkot

The MICR code 360002023 is used in RBI cheque clearing process to identify the branch Rajkot Stock Ex. 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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