SBI Nanded Nanded Maharashtra MICR CODE

Find MICR Codes for SBI Nanded Nanded Maharashtra

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dharmabad
Contact 02465-244888
Bank Details State Bank Of India Dharmabad SBIN0012481
Location Nanded, Nanded
City Nanded
District Nanded
State Maharashtra
Pincode 431809
Country IN
Address Dharmabad, jayshree, mondha road, dharmabad, distnanded431809
MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dharmabad
Contact 244231
Bank Details State Bank Of India Dharmabad SBIN0020054
Location Nanded, Nanded
City Nanded
District Nanded
State Maharashtra
Pincode
Country IN
Address N66cnermrketyr
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 431002554 for Dharmabad 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 431002554 of State Bank Of India, Dharmabad branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Dharmabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Dharmabad

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 Dharmabad 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. 431002554 is the MICR code of SBI Bank for Dharmabad branch. MICR code for Dharmabad 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 Dharmabad is presented in the table alongside.

Use of State Bank Of India MICR code for Dharmabad branch in nanded

The MICR code 431002554 is used in RBI cheque clearing process to identify the branch Dharmabad 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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