SBI Koraput Koraput Orissa MICR CODE

Find MICR Codes for SBI Koraput Koraput Orissa

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MICR Code	763002003
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	Semiliguda
Contact	9437834734
Bank Details	State Bank Of India Semiliguda SBIN0010938

Location	Koraput, Koraput
City	Koraput
District	Koraput
State	Orissa
Pincode	764036
Country	IN
Address	Koraput, orissa 764036

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 763002003 for Semiliguda 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 763002003 of State Bank Of India, Semiliguda branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Semiliguda 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 -

>>Adamunda Malkangiri >>Balda >>Cac Koraput >>Koraput >>Koraput Evening >>Narayanpatna >>Rcpc Jeypore >>S L N Medical College Br Koraput >>Semiliguda >>Sunabeda

MICR code for SBI Semiliguda

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 Semiliguda 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. 763002003 is the MICR code of SBI Bank for Semiliguda branch. MICR code for Semiliguda 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 Semiliguda is presented in the table alongside.

Use of State Bank Of India MICR code for Semiliguda branch in koraput

The MICR code 763002003 is used in RBI cheque clearing process to identify the branch Semiliguda 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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