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SBI Bankura Bankura West Bengal MICR CODE

Find MICR Codes for SBI Bankura Bankura West Bengal

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lodna
Contact 03242-265235, 9475120610
Bank Details State Bank Of India Lodna SBIN0008533
Location Bankura, Bankura
City Bankura
District Bankura
State West Bengal
Pincode 722174
Country IN
Address Dist bankura state west bengal pin 722174
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 722002508 for Lodna 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 722002508 of State Bank Of India, Lodna branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Lodna branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Lodna

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 Lodna 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. 722002508 is the MICR code of SBI Bank for Lodna branch. MICR code for Lodna 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 Lodna is presented in the table alongside.

Use of State Bank Of India MICR code for Lodna branch in bankura

The MICR code 722002508 is used in RBI cheque clearing process to identify the branch Lodna 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.