SBI Visakhapatnam Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for SBI Visakhapatnam Visakhapatnam 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 Gayatri Nagar P M Palem
Contact 9705010402
Bank Details State Bank Of India Gayatri Nagar P M Palem SBIN0018779
Location Visakhapatnam, Visakhapatnam
City Visakhapatnam
District Visakhapatnam
State Andhra Pradesh
Pincode 530041
Country IN
Address Kola elite, gayatrinagar, p m palem, visakhapatnam, dist.visakhapatnam, andhra pradesh-530041
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 Gayatri Nagar P M Palem 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, Gayatri Nagar P M Palem branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Gayatri Nagar P M Palem branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Gayatri Nagar P M Palem

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 Gayatri Nagar P M Palem 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 Gayatri Nagar P M Palem branch. MICR code for Gayatri Nagar P M Palem 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 Gayatri Nagar P M Palem is presented in the table alongside.

Use of State Bank Of India MICR code for Gayatri Nagar P M Palem branch in visakhapatnam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gayatri Nagar P M Palem 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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