SBI Alwar Alwar Rajasthan MICR CODE

Find MICR Codes for SBI Alwar Alwar Rajasthan

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Toda Nagar
Contact 8003893730
Bank Details State Bank Of India Toda Nagar SBIN0032428
Location Alwar, Alwar
City Alwar
District Alwar
State Rajasthan
Pincode 301413
Country IN
Address Near panchayat bhawan,vpo toda nagar,via gadhi sawai ram,laxmangarh,alwar 301413
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 0 for Toda Nagar 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 0 of State Bank Of India, Toda Nagar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Toda Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Toda Nagar

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 Toda Nagar 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. 0 is the MICR code of SBI Bank for Toda Nagar branch. MICR code for Toda Nagar 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 Toda Nagar is presented in the table alongside.

Use of State Bank Of India MICR code for Toda Nagar branch in alwar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Toda Nagar 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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