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SBI Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for SBI Raipur Raipur Chhattisgarh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Service Branch Raipur
Contact 771-5040600 To 5040605
Bank Details State Bank Of India Service Branch Raipur SBIN0004303
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492001
Country IN
Address Raipur
MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Service Branch Raipur
Contact Nil
Bank Details State Bank Of India Service Branch Raipur SBIN0030516
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492001
Country IN
Address M.g. Road, raipur
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 492002001 for Service Branch Raipur 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 492002001 of State Bank Of India, Service Branch Raipur branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Service Branch Raipur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Service Branch Raipur

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 Service Branch Raipur 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. 492002001 is the MICR code of SBI Bank for Service Branch Raipur branch. MICR code for Service Branch Raipur 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 Service Branch Raipur is presented in the table alongside.

Use of State Bank Of India MICR code for Service Branch Raipur branch in raipur

The MICR code 492002001 is used in RBI cheque clearing process to identify the branch Service Branch Raipur 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.