SBI Jabalpur Jabalpur Madhya Pradesh MICR CODE

Find MICR Codes for SBI Jabalpur Jabalpur 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 Shakti Nagar Jabalpur
Contact Tel: 0761-2334226
Bank Details State Bank Of India Shakti Nagar Jabalpur SBIN0010532
Location Jabalpur, Jabalpur
City Jabalpur
District Jabalpur
State Madhya Pradesh
Pincode 482011
Country IN
Address Nayagaon, jabalpur, m p 482011
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 482002029 for Shakti Nagar Jabalpur 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 482002029 of State Bank Of India, Shakti Nagar Jabalpur branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Shakti Nagar Jabalpur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Shakti Nagar Jabalpur

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 Shakti Nagar Jabalpur 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. 482002029 is the MICR code of SBI Bank for Shakti Nagar Jabalpur branch. MICR code for Shakti Nagar Jabalpur 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 Shakti Nagar Jabalpur is presented in the table alongside.

Use of State Bank Of India MICR code for Shakti Nagar Jabalpur branch in jabalpur

The MICR code 482002029 is used in RBI cheque clearing process to identify the branch Shakti Nagar Jabalpur 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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