SBI Daman Daman Daman And Diu MICR CODE

Find MICR Codes for SBI Daman Daman Daman And Diu

Bank
State
District
City
Branch
Address

MICR Code	396002003
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Moti Daman
Contact	0260-2231247 0260-2231186 0260-2231813 0260-2231247 (Fax)
Bank Details	State Bank Of India Moti Daman SBIN0002671

Location	Daman, Daman
City	Daman
District	Daman
State	Daman And Diu
Pincode	396220
Country	IN
Address	Opp football ground moto daman 396220 396220

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 396002003 for Moti Daman 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 396002003 of State Bank Of India, Moti Daman branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Moti Daman branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of State Bank Of India are available with micr code -

>>Daman >>Ghoghala >>Moti Daman >>Racc R And Db Daman >>Sea Face Road Daman >>Somnath Ie

MICR code for SBI Moti Daman

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 Moti Daman 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. 396002003 is the MICR code of SBI Bank for Moti Daman branch. MICR code for Moti Daman 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 Moti Daman is presented in the table alongside.

Use of State Bank Of India MICR code for Moti Daman branch in daman

The MICR code 396002003 is used in RBI cheque clearing process to identify the branch Moti Daman 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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