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SBI Bokaro Bokaro Jharkhand MICR CODE

Find MICR Codes for SBI Bokaro Bokaro Jharkhand

Bank
State
District
City
Branch
Address

MICR Code	827002502
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	Phusro Bazar
Contact	Ip:750349, 06549-221545, 220650
Bank Details	State Bank Of India Phusro Bazar SBIN0001235

Location	Bokaro, Bokaro
City	Bokaro
District	Bokaro
State	Jharkhand
Pincode	829104
Country	IN
Address	Dist bokaro jharkhand 829104

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 827002502 for Phusro Bazar 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 827002502 of State Bank Of India, Phusro Bazar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Phusro Bazar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 21 branches of State Bank Of India are available with micr code -

>>Admn Building Bokaro >>Amy Kandra >>B I Area >>Bari Co Operatiave Tetulia >>Bokaro >>Bokaro Steel City >>Bokaro Thermal >>Chandankiari >>Chas >>Chas Court Area >>Commercial Branch Bokaro >>Currency Administration Cell >>Gomia >>Kander >>Peterbar >>Phusro Bazar >>Racc Bokaro >>Rasecc Cum Sarc Bokaro >>Rbo Bokaro >>Sec 1 Bokaro >>Sector Xii Bokaro

MICR code for SBI Phusro Bazar

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 Phusro Bazar 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. 827002502 is the MICR code of SBI Bank for Phusro Bazar branch. MICR code for Phusro Bazar 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 Phusro Bazar is presented in the table alongside.

Use of State Bank Of India MICR code for Phusro Bazar branch in bokaro

The MICR code 827002502 is used in RBI cheque clearing process to identify the branch Phusro Bazar 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.