SBI Ratlam Ratlam Madhya Pradesh MICR CODE

Find MICR Codes for SBI Ratlam Ratlam Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	457002003
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	Collectorate
Contact	7412 500739,500738 Ip 201471
Bank Details	State Bank Of India Collectorate SBIN0006983

Location	Ratlam, Ratlam
City	Ratlam
District	Ratlam
State	Madhya Pradesh
Pincode	457001
Country	IN
Address	Ratlam, madhya pradesh, pin 457001

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 457002003 for Collectorate 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 457002003 of State Bank Of India, Collectorate branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Collectorate branch, makes the characters readable even if there are other marks and stamps on it.

A total of 20 branches of State Bank Of India are available with micr code -

>>Bajna >>Civic Centre Ratlam >>Collectorate >>Commercial Branch Ratlam >>Govt. Medical College Ratlam >>Ind.Estate Ratlam >>Kasturba Ngr Ratlam >>Kunda >>Nre Br. Ratlam >>Pbb Ratlam >>Racc Ratlam Fi And Mm >>Racc Ratlam R And Db >>Rasmec Ratlam >>Ratlam >>Ratlam >>Rbo Ratlam >>Rcpc Ratlam >>Spl. Currency Admn. Branch(Scab) Ratlam >>Station Road Ratlam >>Topkhana Ratlam

MICR code for SBI Collectorate

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 Collectorate 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. 457002003 is the MICR code of SBI Bank for Collectorate branch. MICR code for Collectorate 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 Collectorate is presented in the table alongside.

Use of State Bank Of India MICR code for Collectorate branch in ratlam

The MICR code 457002003 is used in RBI cheque clearing process to identify the branch Collectorate 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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