SBI Karnal Karnal Haryana MICR CODE

Find MICR Codes for SBI Karnal Karnal Haryana

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Grain Market
Contact 0184-2272661 Ip - 408416
Bank Details State Bank Of India Grain Market SBIN0009123
Location Karnal, Karnal
City Karnal
District Karnal
State Haryana
Pincode 132001
Country IN
Address Novelty road karnal ,karnal, haryana132001 , pin - 132001
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 132002105 for Grain Market 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 132002105 of State Bank Of India, Grain Market branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Grain Market branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Grain Market

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 Grain Market 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. 132002105 is the MICR code of SBI Bank for Grain Market branch. MICR code for Grain Market 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 Grain Market is presented in the table alongside.

Use of State Bank Of India MICR code for Grain Market branch in karnal

The MICR code 132002105 is used in RBI cheque clearing process to identify the branch Grain Market 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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