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SBI Parola Jalgaon Maharashtra MICR CODE

Find MICR Codes for SBI Parola Jalgaon Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	425002777
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	Parola
Contact	02597- 222236, 224136
Bank Details	State Bank Of India Parola SBIN0000297

Location	Parola, Jalgaon
City	Parola
District	Jalgaon
State	Maharashtra
Pincode	425111
Country	IN
Address	Matru smruti at post parola, distt jalgaon, maharashtra 425111

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 425002777 for Parola 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 425002777 of State Bank Of India, Parola branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Parola branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of India are available with micr code -

>>Parola

MICR code for SBI Parola

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 Parola 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. 425002777 is the MICR code of SBI Bank for Parola branch. MICR code for Parola 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 Parola is presented in the table alongside.

Use of State Bank Of India MICR code for Parola branch in parola

The MICR code 425002777 is used in RBI cheque clearing process to identify the branch Parola 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.