SBI Chhindwara Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for SBI Chhindwara Chhindwara Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	480002124
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	Borgaon
Contact	07165-226730,226731
Bank Details	State Bank Of India Borgaon SBIN0010804

Location	Chhindwara, Chhindwara
City	Chhindwara
District	Chhindwara
State	Madhya Pradesh
Pincode	480106
Country	IN
Address	House of smt k k raivill po borgaon

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 480002124 for Borgaon 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 480002124 of State Bank Of India, Borgaon branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Borgaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 18 branches of State Bank Of India are available with micr code -

>>Bhamori >>Bichhua >>Borgaon >>Chhindwara >>Chikhalikalan >>Ganj Area >>Kamthi (Sawri Bazar) Sab >>Pandhurna >>Parasia >>Parasia Road Chhindwara >>Pbb Chhindwara >>Prasanna Vihar Colony Jhurre >>Racc Chhindwara Fi And Mm >>Racc Chhindwara R And Db >>Rawanwara >>Rcpc Chhindwara >>Umreth >>Vip Road Chhindwara

MICR code for SBI Borgaon

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 Borgaon 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. 480002124 is the MICR code of SBI Bank for Borgaon branch. MICR code for Borgaon 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 Borgaon is presented in the table alongside.

Use of State Bank Of India MICR code for Borgaon branch in chhindwara

The MICR code 480002124 is used in RBI cheque clearing process to identify the branch Borgaon 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.

Copied!