SBI Ranchi Ranchi Jharkhand MICR CODE

Find MICR Codes for SBI Ranchi Ranchi Jharkhand

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ago Complex Ranchi
Contact 0651-2411675 0651-2411681
Bank Details State Bank Of India Ago Complex Ranchi SBIN0007957
Location Ranchi, Ranchi
City Ranchi
District Ranchi
State Jharkhand
Pincode 834002
Country IN
Address Ago complex, hinoo, ranchi ,pin - 834002
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 834002009 for Ago Complex Ranchi 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 834002009 of State Bank Of India, Ago Complex Ranchi branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Ago Complex Ranchi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Ago Complex Ranchi

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 Ago Complex Ranchi 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. 834002009 is the MICR code of SBI Bank for Ago Complex Ranchi branch. MICR code for Ago Complex Ranchi 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 Ago Complex Ranchi is presented in the table alongside.

Use of State Bank Of India MICR code for Ago Complex Ranchi branch in ranchi

The MICR code 834002009 is used in RBI cheque clearing process to identify the branch Ago Complex Ranchi 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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