Magnetic Ink Character Recognition is the term for the MICR code. Additionally, this code may be applied to overseas transactions. But from what I know, this coding scheme is incredibly outdated as of now. But you must know what is MICR code of SBI bank.
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In MICR technology, a unique kind of ink made of magnetic material is used to print the data on the device. The machine reads the printed information as soon as the instrument is inserted. The MICR method is advantageous because it reduces the likelihood of error, makes clearing checks simple, and speeds up money transfers. It is to help with business operations. Now you know what is the MICR code of SBI branch.
How can you find MICR code in SBI?
There are numerous ways to find out the SBI MICR code and branch code:
1) Cheque book: You can easily browse your cheque book to find out your SBI bank's IFSC code and MICR code. The MICR code is printed on the bottom of the check, next to the cheque number, while the IFSC code is printed on the upper left portion of the check, close to the branch name and address.
2) Passbook for a savings account: On the first section of your passbook, you can also locate your SBI IFSC and MICR code.
3) SBI official online portal: On the State Bank of India's official web domain, you may obtain the SBI IFSC code list and MICR codes. Additionally, you can see the physical addresses, contact information, and business hours of each branch here.
4) Third-party websites: A number of reputable third-party websites also provide access to the State Bank of India's IFSC code list and MICR codes.
How to send money through the SBI app?
You can use the SBI app to send money. You can download it using your Play Store or App Store. You can now transfer and receive money into the beneficiary account. After you download the app, sending and receiving money is simple. The same method can be applied to obtain SBI's IFSC code. But, the IMPS also makes it simple to transfer and receive money. Once the procedure is over, you can let your family and friends know who wants to send you funds.
This is all you need to know about what is MICR code of SBI.
Read More: How to know the MICR code of HDFC bank? What is MICR number? What happens if the IFSC code is wrong? What is IFSC code?Your Feedback Matters! How was this Answer?
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What is MICR code of SBI?
kaivalya
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2022-08-08T22:21:23+00:00 2022-08-08T22:21:24+00:00Comment
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