SBI Hyderabad Ranga Reddy Andhra Pradesh MICR CODE

Find MICR Codes for SBI Hyderabad Ranga Reddy Andhra Pradesh

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MICR Code	500002139
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	Budvel
Contact	040-24018376
Bank Details	State Bank Of India Budvel SBIN0012818

Location	Hyderabad, Ranga Reddy
City	Hyderabad
District	Ranga Reddy
State	Andhra Pradesh
Pincode	500030
Country	IN
Address	157 by 1,teachers colony, budvel, rajendra nagar, hyderabad 500030

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 500002139 for Budvel 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 500002139 of State Bank Of India, Budvel branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Budvel branch, makes the characters readable even if there are other marks and stamps on it.

A total of 14 branches of State Bank Of India are available with micr code -

>>Attapur >>Budvel >>Kavuri Hills >>L B Nagar Hyderabad >>Manikonda >>Miyapur >>National Remote Sensing Agency(Nrsa) >>Nizampeth Road >>Ramakrishnapuram >>Research Centre Imarat >>Retail Asset Central Processing Centre 2 Hyderabad >>Saketh Road Hyderabad >>Shamsabad >>Sme Dilsukhnagar (Hyderabad)

MICR code for SBI Budvel

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 Budvel 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. 500002139 is the MICR code of SBI Bank for Budvel branch. MICR code for Budvel 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 Budvel is presented in the table alongside.

Use of State Bank Of India MICR code for Budvel branch in hyderabad

The MICR code 500002139 is used in RBI cheque clearing process to identify the branch Budvel 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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