SBI Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for SBI Rajkot Rajkot Gujarat

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bagathala
Contact 02822-234060 Fax0 Ip No-6159411
Bank Details State Bank Of India Bagathala SBIN0060238
Location Rajkot, Rajkot
City Rajkot
District Rajkot
State Gujarat
Pincode 363641
Country IN
Address Bhaktinagar circle near morvi bypass road morvi 363641 due to earthquake bagathala 363705
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 238232238 for Bagathala 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 238232238 of State Bank Of India, Bagathala branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Bagathala branch, makes the characters readable even if there are other marks and stamps on it.

A total of 94 branches of State Bank Of India are available with micr code -

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MICR code for SBI Bagathala

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 Bagathala 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. 238232238 is the MICR code of SBI Bank for Bagathala branch. MICR code for Bagathala 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 Bagathala is presented in the table alongside.

Use of State Bank Of India MICR code for Bagathala branch in rajkot

The MICR code 238232238 is used in RBI cheque clearing process to identify the branch Bagathala 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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