SBI Raisen Raisen Madhya Pradesh MICR CODE

Find MICR Codes for SBI Raisen Raisen Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	464002015
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Badi
Contact	Bm Mob - 9425603236
Bank Details	State Bank Of India Badi SBIN0010172

Location	Raisen, Raisen
City	Raisen
District	Raisen
State	Madhya Pradesh
Pincode	464665
Country	IN
Address	Main road square, badi, distt. Raisen, madhya pradesh pin-464665

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 464002015 for Badi 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 464002015 of State Bank Of India, Badi branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Badi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of State Bank Of India are available with micr code -

>>Badi >>Cac Raisen >>Not Available >>Racc Raisen Fi And Mm >>Raisen >>Salamatpur >>Seermau >>Vidisha Road Raisen

MICR code for SBI Badi

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 Badi 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. 464002015 is the MICR code of SBI Bank for Badi branch. MICR code for Badi 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 Badi is presented in the table alongside.

Use of State Bank Of India MICR code for Badi branch in raisen

The MICR code 464002015 is used in RBI cheque clearing process to identify the branch Badi 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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