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SBI Muzaffarpur Muzaffarpur Bihar MICR CODE

Find MICR Codes for SBI Muzaffarpur Muzaffarpur Bihar

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Fardo Gola
Contact 9771446516
Bank Details State Bank Of India Fardo Gola SBIN0018042
Location Muzaffarpur, Muzaffarpur
City Muzaffarpur
District Muzaffarpur
State Bihar
Pincode 842001
Country IN
Address Fardo gola rewa road post bhagwanpur distt muzaffarpur bihar842001
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 0 for Fardo Gola 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 0 of State Bank Of India, Fardo Gola branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Fardo Gola branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Fardo Gola

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 Fardo Gola 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. 0 is the MICR code of SBI Bank for Fardo Gola branch. MICR code for Fardo Gola 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 Fardo Gola is presented in the table alongside.

Use of State Bank Of India MICR code for Fardo Gola branch in muzaffarpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Fardo Gola 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.