SBI Colaba Greater Bombay Maharashtra MICR CODE

Find MICR Codes for SBI Colaba Greater Bombay Maharashtra

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MICR Code	400002173
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	Colaba Br.
Contact	Ip-112100, 022- 2208621
Bank Details	State Bank Of India Colaba Br. SBIN0010716

Location	Colaba, Greater Bombay
City	Colaba
District	Greater Bombay
State	Maharashtra
Pincode	400023
Country	IN
Address	Mah state police head quarters, near regal , sahid bhagatsing marg, mumbai 400023

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 400002173 for Colaba Br. 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 400002173 of State Bank Of India, Colaba Br. branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Colaba Br. 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 -

>>Colaba Br.

MICR code for SBI Colaba Br.

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 Colaba Br. 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. 400002173 is the MICR code of SBI Bank for Colaba Br. branch. MICR code for Colaba Br. 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 Colaba Br. is presented in the table alongside.

Use of State Bank Of India MICR code for Colaba Br. branch in colaba

The MICR code 400002173 is used in RBI cheque clearing process to identify the branch Colaba Br. 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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