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SBI Bareilly Bareilly Uttar Pradesh MICR CODE

Find MICR Codes for SBI Bareilly Bareilly Uttar Pradesh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bareilly Cantt
Contact 0581-2428041 Ip-354546
Bank Details State Bank Of India Bareilly Cantt SBIN0004639
Location Bareilly, Bareilly
City Bareilly
District Bareilly
State Uttar Pradesh
Pincode 243001
Country IN
Address Bareilly uttar pradesh
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 243002007 for Bareilly Cantt 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 243002007 of State Bank Of India, Bareilly Cantt branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Bareilly Cantt branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Bareilly Cantt

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 Bareilly Cantt 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. 243002007 is the MICR code of SBI Bank for Bareilly Cantt branch. MICR code for Bareilly Cantt 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 Bareilly Cantt is presented in the table alongside.

Use of State Bank Of India MICR code for Bareilly Cantt branch in bareilly

The MICR code 243002007 is used in RBI cheque clearing process to identify the branch Bareilly Cantt 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.