SBI Neemuch Neemuch Madhya Pradesh MICR CODE

Find MICR Codes for SBI Neemuch Neemuch Madhya Pradesh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Damodarpura
Contact 201564 07420-235535
Bank Details State Bank Of India Damodarpura SBIN0008521
Location Neemuch, Neemuch
City Neemuch
District Neemuch
State Madhya Pradesh
Pincode 458330
Country IN
Address Vikram nagar damodarpura , po khar, distt. Neemuch, madhya pradesh 458 330
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 458002006 for Damodarpura 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 458002006 of State Bank Of India, Damodarpura branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Damodarpura branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of State Bank Of India are available with micr code -

>>Ambedkar Rd.Neemuch >>Cac Neemuch Branch >>Damodarpura >>Dashera Maidan Neemuch >>Neemuch >>Racc Mandsaur Fi And Mm >>Racc Neemuch R And Db

MICR code for SBI Damodarpura

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 Damodarpura 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. 458002006 is the MICR code of SBI Bank for Damodarpura branch. MICR code for Damodarpura 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 Damodarpura is presented in the table alongside.

Use of State Bank Of India MICR code for Damodarpura branch in neemuch

The MICR code 458002006 is used in RBI cheque clearing process to identify the branch Damodarpura 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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