SBI Dongarkada Hingoli Maharashtra MICR CODE

Find MICR Codes for SBI Dongarkada Hingoli 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 Dongarkada
Contact 02455- 244024
Bank Details State Bank Of India Dongarkada SBIN0005928
Location Dongarkada, Hingoli
City Dongarkada
District Hingoli
State Maharashtra
Pincode 431701
Country IN
Address Dist hingoli, maharashtra 431701
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 431002548 for Dongarkada 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 431002548 of State Bank Of India, Dongarkada branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Dongarkada 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 -

>>Dongarkada

MICR code for SBI Dongarkada

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 Dongarkada 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. 431002548 is the MICR code of SBI Bank for Dongarkada branch. MICR code for Dongarkada 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 Dongarkada is presented in the table alongside.

Use of State Bank Of India MICR code for Dongarkada branch in dongarkada

The MICR code 431002548 is used in RBI cheque clearing process to identify the branch Dongarkada 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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