SBI Bonai Surendranagar Orissa MICR CODE

Find MICR Codes for SBI Bonai Surendranagar Orissa

Bank
State
District
City
Branch
Address

MICR Code	770002038
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	Bonai
Contact	06626-244425
Bank Details	State Bank Of India Bonai SBIN0001343

Location	Bonai, Surendranagar
City	Bonai
District	Surendranagar
State	Orissa
Pincode	770038
Country	IN
Address	Dist sundargarh orissa 770038

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 770002038 for Bonai 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 770002038 of State Bank Of India, Bonai branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Bonai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of India are available with micr code -

>>Bonai

MICR code for SBI Bonai

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 Bonai 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. 770002038 is the MICR code of SBI Bank for Bonai branch. MICR code for Bonai 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 Bonai is presented in the table alongside.

Use of State Bank Of India MICR code for Bonai branch in bonai

The MICR code 770002038 is used in RBI cheque clearing process to identify the branch Bonai 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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