SBI Rangareddy Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for SBI Rangareddy Hyderabad Andhra Pradesh

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dammaiguda
Contact 9000777571
Bank Details State Bank Of India Dammaiguda SBIN0018872
Location Rangareddy, Hyderabad
City Rangareddy
District Hyderabad
State Andhra Pradesh
Pincode 500083
Country IN
Address Narasaiah colony, dammaiguda x roads, dammaiguda, hyderabad, dist.rangareddy, andhra pradesh-500 080
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 0 for Dammaiguda 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, Dammaiguda branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Dammaiguda branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of State Bank Of India are available with micr code -

>>Bandlaguda Gaddiannaram >>Dammaiguda >>Kothaguda Kokapet >>Vijayapuri

MICR code for SBI Dammaiguda

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

Use of State Bank Of India MICR code for Dammaiguda branch in rangareddy

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