SBI Kutch Kutch Gujarat MICR CODE

Find MICR Codes for SBI Kutch Kutch Gujarat

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ashapura Complex Mundra
Contact 02838-222417 Fax-222417 Ip No-6154581
Bank Details State Bank Of India Ashapura Complex Mundra SBIN0060356
Location Kutch, Kutch
City Kutch
District Kutch
State Gujarat
Pincode 370421
Country IN
Address Ashapura complex old bunder road mundra kutch 370421
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 370002504 for Ashapura Complex Mundra 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 370002504 of State Bank Of India, Ashapura Complex Mundra branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Ashapura Complex Mundra branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Ashapura Complex Mundra

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 Ashapura Complex Mundra 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. 370002504 is the MICR code of SBI Bank for Ashapura Complex Mundra branch. MICR code for Ashapura Complex Mundra 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 Ashapura Complex Mundra is presented in the table alongside.

Use of State Bank Of India MICR code for Ashapura Complex Mundra branch in kutch

The MICR code 370002504 is used in RBI cheque clearing process to identify the branch Ashapura Complex Mundra 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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