SBI Sarangada Kandhamal Orissa MICR CODE

Find MICR Codes for SBI Sarangada Kandhamal Orissa

Bank
State
District
City
Branch
Address

MICR Code	762002120
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	Sarangada
Contact	06846-247230
Bank Details	State Bank Of India Sarangada SBIN0007296

Location	Sarangada, Kandhamal
City	Sarangada
District	Kandhamal
State	Orissa
Pincode	762104
Country	IN
Address	Dist, kandhamal, state, orissa, pin, 762104

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 762002120 for Sarangada 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 762002120 of State Bank Of India, Sarangada branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Sarangada 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 -

>>Sarangada

MICR code for SBI Sarangada

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 Sarangada 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. 762002120 is the MICR code of SBI Bank for Sarangada branch. MICR code for Sarangada 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 Sarangada is presented in the table alongside.

Use of State Bank Of India MICR code for Sarangada branch in sarangada

The MICR code 762002120 is used in RBI cheque clearing process to identify the branch Sarangada 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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