MICR Code Bank
Find MICR code for SBI Retail Assets Central Processing Centre branches in India for NEFT and RTGS transfer

SBI Retail Assets Central Processing Centre MICR CODE

Find MICR Codes for SBI Retail Assets Central Processing Centre

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  1. State Bank Of India »
  2. Karnataka »
  3. bangalore urban »
  4. bangalore »
  5. retail assets central processing centre (racpc)

Find MICR Codes for SBI Retail Assets Central Processing Centre

MICR Code: 560002483
Bank: State Bank Of India
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Retail Assets Central Processing Centre (Racpc)
Contact: 080-25943145,46
Bank Details: State Bank Of India Retail Assets Central Processing Centre (Racpc) SBIN0004483
Location: Bangalore, Bangalore Urban
City: Bangalore
District: Bangalore Urban
State: Karnataka
Pincode: 560001
Country: IN
Address: 1 by 1, 2nd fl, infantry rd,shivjinagar,bangalore

How does MICR code for retail assets central processing centre 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 of State Bank Of India, retail assets central processing centre branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for retail assets central processing centre branch, makes the characters readable even if there are other marks and stamps on it.

A total of 186 branches of State Bank Of India are available with micr code

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MICR code for SBI retail assets central processing centre

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 retail assets central processing centre 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. is the MICR code of SBI Bank for retail assets central processing centre branch. MICR code for retail assets central processing centre 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 retail assets central processing centre is presented in the table alongside.

Use of State Bank Of India MICR code for retail assets central processing centre branch in bangalore

The MICR code is used in RBI cheque clearing process to identify the branch retail assets central processing centre 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.