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SBI Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for SBI Raipur Raipur Chhattisgarh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Agrasen Chowk Raipur
Contact 0771-234038 Fax0 Ip No-6204401
Bank Details State Bank Of India Agrasen Chowk Raipur SBIN0060301
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492001
Country IN
Address 552 by 553,sardar bazar,near girdhar bhavan,raipur chhtisgarh
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 492002026 for Agrasen Chowk Raipur 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 492002026 of State Bank Of India, Agrasen Chowk Raipur branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Agrasen Chowk Raipur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Agrasen Chowk Raipur

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 Agrasen Chowk Raipur 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. 492002026 is the MICR code of SBI Bank for Agrasen Chowk Raipur branch. MICR code for Agrasen Chowk Raipur 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 Agrasen Chowk Raipur is presented in the table alongside.

Use of State Bank Of India MICR code for Agrasen Chowk Raipur branch in raipur

The MICR code 492002026 is used in RBI cheque clearing process to identify the branch Agrasen Chowk Raipur 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.