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SBI Surendranagar Surendranagar Gujarat MICR CODE

Find MICR Codes for SBI Surendranagar Surendranagar Gujarat

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sayla
Contact 02755-220737 Fax0 Ip No-6151581
Bank Details State Bank Of India Sayla SBIN0060110
Location Surendranagar, Surendranagar
City Surendranagar
District Surendranagar
State Gujarat
Pincode 363430
Country IN
Address Bazar sayla 363430
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 363002430 for Sayla 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 363002430 of State Bank Of India, Sayla branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Sayla branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Sayla

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 Sayla 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. 363002430 is the MICR code of SBI Bank for Sayla branch. MICR code for Sayla 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 Sayla is presented in the table alongside.

Use of State Bank Of India MICR code for Sayla branch in surendranagar

The MICR code 363002430 is used in RBI cheque clearing process to identify the branch Sayla 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.