SBI Bhagalpur Bhagalpur Bihar MICR CODE

Find MICR Codes for SBI Bhagalpur Bhagalpur Bihar

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sihpur Madhurapur
Contact Nil
Bank Details State Bank Of India Sihpur Madhurapur SBIN0010768
Location Bhagalpur, Bhagalpur
City Bhagalpur
District Bhagalpur
State Bihar
Pincode 813222
Country IN
Address Dist bhagalpur, state bihar, pin 813222
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 853002014 for Sihpur Madhurapur 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 853002014 of State Bank Of India, Sihpur Madhurapur branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Sihpur Madhurapur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Sihpur Madhurapur

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 Sihpur Madhurapur 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. 853002014 is the MICR code of SBI Bank for Sihpur Madhurapur branch. MICR code for Sihpur Madhurapur 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 Sihpur Madhurapur is presented in the table alongside.

Use of State Bank Of India MICR code for Sihpur Madhurapur branch in bhagalpur

The MICR code 853002014 is used in RBI cheque clearing process to identify the branch Sihpur Madhurapur 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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