SBI Bhandara Bhandara Maharashtra MICR CODE

Find MICR Codes for SBI Bhandara Bhandara Maharashtra

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MICR Code	441002649
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	Sakoli
Contact	07186-236127, 236237, 236167
Bank Details	State Bank Of India Sakoli SBIN0001169

Location	Bhandara, Bhandara
City	Bhandara
District	Bhandara
State	Maharashtra
Pincode	441802
Country	IN
Address	Tq sakoli, dist bhandara, maharashtra 441802

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 441002649 for Sakoli 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 441002649 of State Bank Of India, Sakoli branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Sakoli branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of State Bank Of India are available with micr code -

>>Bhandara >>Bhandara Cac >>Dsh Bhandara >>Fimm Racc Bhandara >>Jamb >>Miskin Tank Garden Road Bhandara >>R And Db Racc Bhandara >>Rcpc Bhandara >>Sakoli >>Tumsar

MICR code for SBI Sakoli

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 Sakoli 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. 441002649 is the MICR code of SBI Bank for Sakoli branch. MICR code for Sakoli 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 Sakoli is presented in the table alongside.

Use of State Bank Of India MICR code for Sakoli branch in bhandara

The MICR code 441002649 is used in RBI cheque clearing process to identify the branch Sakoli 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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