SBI Basti Basti Uttar Pradesh MICR CODE

Find MICR Codes for SBI Basti Basti Uttar Pradesh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Medical College Branch Basti
Contact 0-8467945801
Bank Details State Bank Of India Medical College Branch Basti SBIN0064004
Location Basti, Basti
City Basti
District Basti
State Uttar Pradesh
Pincode 272124
Country IN
Address State bank of india,maharshi vashishith autonomus state medical college dist.basti uttar pradesh-272124
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 0 for Medical College Branch Basti 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 0 of State Bank Of India, Medical College Branch Basti branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Medical College Branch Basti branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Medical College Branch Basti

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 Medical College Branch Basti 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. 0 is the MICR code of SBI Bank for Medical College Branch Basti branch. MICR code for Medical College Branch Basti 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 Medical College Branch Basti is presented in the table alongside.

Use of State Bank Of India MICR code for Medical College Branch Basti branch in basti

The MICR code 0 is used in RBI cheque clearing process to identify the branch Medical College Branch Basti 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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