SBI Sevagram Nagpur Maharashtra MICR CODE

Find MICR Codes for SBI Sevagram Nagpur Maharashtra

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sevagram
Contact 07152-284291
Bank Details State Bank Of India Sevagram SBIN0012756
Location Sevagram, Nagpur
City Sevagram
District Nagpur
State Maharashtra
Pincode 442102
Country IN
Address C by o,mgims karmachari sahkari pat sanstha,medical chowk,sewagram 442102
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 442002516 for Sevagram 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 442002516 of State Bank Of India, Sevagram branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Sevagram 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 -

>>Sevagram

MICR code for SBI Sevagram

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 Sevagram 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. 442002516 is the MICR code of SBI Bank for Sevagram branch. MICR code for Sevagram 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 Sevagram is presented in the table alongside.

Use of State Bank Of India MICR code for Sevagram branch in sevagram

The MICR code 442002516 is used in RBI cheque clearing process to identify the branch Sevagram 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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