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Bandhan Bank Mandsaur Shamgarh Madhya Pradesh MICR CODE

Find MICR Codes for Bandhan Bank Mandsaur Shamgarh Madhya Pradesh

MICR Code
Bank Bandhan Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shamgarh Branch
Contact 33-66090909
Bank Details Bandhan Bank Limited Shamgarh Branch BDBL0002279
Location Mandsaur, Shamgarh
City Mandsaur
District Shamgarh
State Madhya Pradesh
Pincode 458883
Country IN
Address Garoth road, shamgarh, dist- mandsaur, state - madhya pradesh, pin-458883
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 Shamgarh Branch 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 Bandhan Bank Ltd, Shamgarh Branch branch makes the system almost error free and faster. Use of Bandhan Bank Ltd MICR codes for Shamgarh Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bandhan Bank Limited are available with micr code -

>>Shamgarh Branch

MICR code for Bandhan Bank Shamgarh Branch

Bandhan Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bandhan Bank Ltd MICR code for Shamgarh Branch 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 Bandhan Bank for Shamgarh Branch branch. MICR code for Shamgarh Branch 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 Bandhan Bank Ltd Shamgarh Branch is presented in the table alongside.

Use of Bandhan Bank Ltd MICR code for Shamgarh Branch branch in mandsaur

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