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SBI Chicholi Betul Madhya Pradesh MICR CODE

Find MICR Codes for SBI Chicholi Betul Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	460002008
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chicholi
Contact	Ip: 121171 Tel: 07145- 244230
Bank Details	State Bank Of India Chicholi SBIN0005513

Location	Chicholi, Betul
City	Chicholi
District	Betul
State	Madhya Pradesh
Pincode	460330
Country	IN
Address	Dist betul, madhya pradesh 460330

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 460002008 for Chicholi 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 460002008 of State Bank Of India, Chicholi branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Chicholi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of India are available with micr code -

>>Chicholi

MICR code for SBI Chicholi

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 Chicholi 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. 460002008 is the MICR code of SBI Bank for Chicholi branch. MICR code for Chicholi 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 Chicholi is presented in the table alongside.

Use of State Bank Of India MICR code for Chicholi branch in chicholi

The MICR code 460002008 is used in RBI cheque clearing process to identify the branch Chicholi 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.