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SBI Mahasamund Mahasamund Chhattisgarh MICR CODE

Find MICR Codes for SBI Mahasamund Mahasamund Chhattisgarh

Bank
State
District
City
Branch
Address

MICR Code	493002341
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	Bagbahara
Contact	07707-242137, 242632
Bank Details	State Bank Of India Bagbahara SBIN0002824

Location	Mahasamund, Mahasamund
City	Mahasamund
District	Mahasamund
State	Chhattisgarh
Pincode	493449
Country	IN
Address	Teh mahasamund distt mahasamund chattisgarh 493449

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 493002341 for Bagbahara 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 493002341 of State Bank Of India, Bagbahara branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Bagbahara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 11 branches of State Bank Of India are available with micr code -

>>Bagbahara >>Baronda (Bamhani) >>Bichhiya >>Cac Mahasamund >>Collectorate Mahasamund >>Dbu Mahasamund >>Kauhakoda >>Mahasamund >>Pithora >>Racc Mahasamund R And Db >>Station Road Mahasamund

MICR code for SBI Bagbahara

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 Bagbahara 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. 493002341 is the MICR code of SBI Bank for Bagbahara branch. MICR code for Bagbahara 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 Bagbahara is presented in the table alongside.

Use of State Bank Of India MICR code for Bagbahara branch in mahasamund

The MICR code 493002341 is used in RBI cheque clearing process to identify the branch Bagbahara 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.