SBI Daman Diu Daman And Diu MICR CODE

Find MICR Codes for SBI Daman Diu Daman And Diu

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Diu Ut
Contact 02875-252135 Fax-252492 Ip No-6154516
Bank Details State Bank Of India Diu Ut SBIN0060114
Location Daman, Diu
City Daman
District Diu
State Daman And Diu
Pincode 362520
Country IN
Address Opp civil administrators office,pbno1,bunder road diu 362520
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 362002151 for Diu Ut 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 362002151 of State Bank Of India, Diu Ut branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Diu Ut branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of State Bank Of India are available with micr code -

>>Diu Ut >>Vanakbara

MICR code for SBI Diu Ut

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 Diu Ut 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. 362002151 is the MICR code of SBI Bank for Diu Ut branch. MICR code for Diu Ut 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 Diu Ut is presented in the table alongside.

Use of State Bank Of India MICR code for Diu Ut branch in daman

The MICR code 362002151 is used in RBI cheque clearing process to identify the branch Diu Ut 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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