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SBI Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for SBI Raipur Raipur Chhattisgarh

Bank
State
District
City
Branch
Address

MICR Code	493002241
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	Gatadih
Contact	07768-248234
Bank Details	State Bank Of India Gatadih SBIN0009747

Location	Raipur, Raipur
City	Raipur
District	Raipur
State	Chhattisgarh
Pincode	492001
Country	IN
Address	Tehbilaigarh

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 493002241 for Gatadih 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 493002241 of State Bank Of India, Gatadih branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Gatadih branch, makes the characters readable even if there are other marks and stamps on it.

A total of 70 branches of State Bank Of India are available with micr code -

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MICR code for SBI Gatadih

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 Gatadih 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. 493002241 is the MICR code of SBI Bank for Gatadih branch. MICR code for Gatadih 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 Gatadih is presented in the table alongside.

Use of State Bank Of India MICR code for Gatadih branch in raipur

The MICR code 493002241 is used in RBI cheque clearing process to identify the branch Gatadih 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.