SBI Jalgaon Jalgaon Maharashtra MICR CODE

Find MICR Codes for SBI Jalgaon Jalgaon Maharashtra

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Savda
Contact 02584-222142
Bank Details State Bank Of India Savda SBIN0003847
Location Jalgaon, Jalgaon
City Jalgaon
District Jalgaon
State Maharashtra
Pincode 425502
Country IN
Address Dist jalgaon, maharashtra 425502
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 425002780 for Savda 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 425002780 of State Bank Of India, Savda branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Savda branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Savda

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 Savda 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. 425002780 is the MICR code of SBI Bank for Savda branch. MICR code for Savda 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 Savda is presented in the table alongside.

Use of State Bank Of India MICR code for Savda branch in jalgaon

The MICR code 425002780 is used in RBI cheque clearing process to identify the branch Savda 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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