SBI Rakha Purbi Singhbhum Jharkhand MICR CODE

Find MICR Codes for SBI Rakha Purbi Singhbhum Jharkhand

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MICR Code	832002504
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	Rakha Copper Project
Contact	0657-2730336
Bank Details	State Bank Of India Rakha Copper Project SBIN0005423

Location	Rakha, Purbi Singhbhum
City	Rakha
District	Purbi Singhbhum
State	Jharkhand
Pincode	832106
Country	IN
Address	Dist east singhbhum, jharkhand, 832106

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 832002504 for Rakha Copper Project 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 832002504 of State Bank Of India, Rakha Copper Project branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Rakha Copper Project branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of India are available with micr code -

>>Rakha Copper Project

MICR code for SBI Rakha Copper Project

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 Rakha Copper Project 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. 832002504 is the MICR code of SBI Bank for Rakha Copper Project branch. MICR code for Rakha Copper Project 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 Rakha Copper Project is presented in the table alongside.

Use of State Bank Of India MICR code for Rakha Copper Project branch in rakha

The MICR code 832002504 is used in RBI cheque clearing process to identify the branch Rakha Copper Project 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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