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SBI Boudh Boudh Orissa MICR CODE

Find MICR Codes for SBI Boudh Boudh Orissa

Bank
State
District
City
Branch
Address

MICR Code	762002030
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	Palasaguda
Contact	06844-277424
Bank Details	State Bank Of India Palasaguda SBIN0007764

Location	Boudh, Boudh
City	Boudh
District	Boudh
State	Orissa
Pincode	762030
Country	IN
Address	Dist boudh,orissa 762030

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 762002030 for Palasaguda 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 762002030 of State Bank Of India, Palasaguda branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Palasaguda branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of State Bank Of India are available with micr code -

>>Bausuni >>Boudh >>Butupali Adb >>Cac Boudh >>Fi Dsh Boudh >>Palasaguda >>Racc Boudh Fimm

MICR code for SBI Palasaguda

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 Palasaguda 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. 762002030 is the MICR code of SBI Bank for Palasaguda branch. MICR code for Palasaguda 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 Palasaguda is presented in the table alongside.

Use of State Bank Of India MICR code for Palasaguda branch in boudh

The MICR code 762002030 is used in RBI cheque clearing process to identify the branch Palasaguda 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.