MICR Code Bank
Find MICR code for SBI Ausa branches in India for NEFT and RTGS transfer

SBI Ausa MICR CODE

Find MICR Codes for SBI Ausa

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  1. State Bank Of India »
  2. Maharashtra »
  3. latur »
  4. latur »
  5. ausa (latur)

Find MICR Codes for SBI Ausa

MICR Code: 413002895
Bank: State Bank Of India
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Ausa (Latur)
Contact: Ip:105556tel:02383-220396
Bank Details: State Bank Of India Ausa (Latur) SBIN0001988
Location: Latur, Latur
City: Latur
District: Latur
State: Maharashtra
Pincode: 413520
Country: IN
Address: Opp s t stand, main road, distt. Latur, maharashtra 413520

How does MICR code 0 for ausa 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, ausa branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for ausa branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI ausa

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 ausa 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 ausa branch. MICR code for ausa 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 ausa is presented in the table alongside.

Use of State Bank Of India MICR code for ausa branch in latur

The MICR code 0 is used in RBI cheque clearing process to identify the branch ausa 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.