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SBI Agra Agra Uttar Pradesh MICR CODE

Find MICR Codes for SBI Agra Agra Uttar Pradesh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Loha Mandi
Contact 0562-2811583 0562-2512681 Ip-306451
Bank Details State Bank Of India Loha Mandi SBIN0003326
Location Agra, Agra
City Agra
District Agra
State Uttar Pradesh
Pincode 282002
Country IN
Address 32,10, gujar topkhana, loha mandi,agra, u p,pin 282002
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 282002009 for Loha Mandi 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 282002009 of State Bank Of India, Loha Mandi branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Loha Mandi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Loha Mandi

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 Loha Mandi 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. 282002009 is the MICR code of SBI Bank for Loha Mandi branch. MICR code for Loha Mandi 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 Loha Mandi is presented in the table alongside.

Use of State Bank Of India MICR code for Loha Mandi branch in agra

The MICR code 282002009 is used in RBI cheque clearing process to identify the branch Loha Mandi 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.