SBI Saharanpur Saharanpur Uttar Pradesh MICR CODE

Find MICR Codes for SBI Saharanpur Saharanpur Uttar Pradesh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Itc Saharanpur
Contact 0132-2723042 Ip - 301786
Bank Details State Bank Of India Itc Saharanpur SBIN0004258
Location Saharanpur, Saharanpur
City Saharanpur
District Saharanpur
State Uttar Pradesh
Pincode 247001
Country IN
Address Itc campus, sardar patel marg,saharanpur up 247001
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 247002007 for Itc Saharanpur 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 247002007 of State Bank Of India, Itc Saharanpur branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Itc Saharanpur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Itc Saharanpur

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 Itc Saharanpur 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. 247002007 is the MICR code of SBI Bank for Itc Saharanpur branch. MICR code for Itc Saharanpur 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 Itc Saharanpur is presented in the table alongside.

Use of State Bank Of India MICR code for Itc Saharanpur branch in saharanpur

The MICR code 247002007 is used in RBI cheque clearing process to identify the branch Itc Saharanpur 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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