SBI Selda Khargone Madhya Pradesh MICR CODE

Find MICR Codes for SBI Selda Khargone 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 Ntpc Selda
Contact
Bank Details State Bank Of India Ntpc Selda SBIN0061541
Location Selda, Khargone
City Selda
District Khargone
State Madhya Pradesh
Pincode 451113
Country IN
Address Ntpc campus, selda, distt khargone-451113 (m.p.)
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.

Search SBI MICR Codes in khargone

You can search through MICR Codes of Madhya Pradesh branches in selda of District khargone in Madhya Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Ntpc Selda

How to find MICR codes for SBI in selda?

SBI selda MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From State Bank Of India MICR codes list for selda, one can further search by branch name specified in the table. You can find MICR codes for all SBI selda branches.

State Bank Of India MICR code in selda

SBI MICR code is a character recognition technology used by banks in the processing of cheques. State Bank Of India MICR code for selda branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for SBI Bank branches in selda, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does SBI Bank MICR code for selda branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a SBI selda branch, sprinted 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. Thus MICR code for State Bank Of India selda branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of SBI Bank MICR codes for selda branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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