SBI Ranchi Ranchi Jharkhand MICR CODE

Find MICR Codes for SBI Ranchi Ranchi Jharkhand

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kanta Toli
Contact 9431161484
Bank Details State Bank Of India Kanta Toli SBIN0012622
Location Ranchi, Ranchi
City Ranchi
District Ranchi
State Jharkhand
Pincode 834001
Country IN
Address Quadri complex,kanta toli chowk,dist:ranchi-834001
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 834002031 for Kanta Toli 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 834002031 of State Bank Of India, Kanta Toli branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Kanta Toli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Kanta Toli

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 Kanta Toli 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. 834002031 is the MICR code of SBI Bank for Kanta Toli branch. MICR code for Kanta Toli 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 Kanta Toli is presented in the table alongside.

Use of State Bank Of India MICR code for Kanta Toli branch in ranchi

The MICR code 834002031 is used in RBI cheque clearing process to identify the branch Kanta Toli 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.

Copied!