Smriti Nagrik Sahakari Bank Mandsaur Budha Madhya Pradesh MICR CODE

Find MICR Codes for Smriti Nagrik Sahakari Bank Mandsaur Budha Madhya Pradesh

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Smriti Nagrik Sahakari Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Budha
Contact	7423-405623
Bank Details	Smriti Nagrik Sahakari Bank Budha SMNB0000008

Location	Mandsaur, Budha
City	Mandsaur
District	Budha
State	Madhya Pradesh
Pincode	458556
Country	IN
Address	Takarawad road,budha bus stand,vill budha teh.malhargarh dist.mandsaur,madhya pradesh 458556

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 0 for Budha 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 0 of Smriti Bank, Budha branch makes the system almost error free and faster. Use of Smriti Bank MICR codes for Budha branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Smriti Nagrik Sahakari Bank are available with micr code -

>>Budha

MICR code for Smriti Nagrik Sahakari Bank Budha

Smriti Nagrik Sahakari Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Smriti Bank MICR code for Budha 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. 0 is the MICR code of Smriti Nagrik Sahakari Bank for Budha branch. MICR code for Budha 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 Smriti Bank Budha is presented in the table alongside.

Use of Smriti Bank MICR code for Budha branch in mandsaur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Budha and Smriti Bank 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 Smriti Nagrik Sahakari Bank is typically in either of these two font’s: E-138 and CMC-7.

Copied!