SBI Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for SBI Hyderabad Hyderabad Telangana

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MICR Code	-NA-
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Income Tax Colony Hyderabad
Contact
Bank Details	State Bank Of India Income Tax Colony Hyderabad SBIN0062243

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Telangana
Pincode	500034
Country	IN
Address	Hno 8 2 603 23 3 and 15 road no 10 banjarahills hyderabad 500034

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 Income Tax Colony Hyderabad 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, Income Tax Colony Hyderabad branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Income Tax Colony Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 84 branches of State Bank Of India are available with micr code -

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MICR code for SBI Income Tax Colony Hyderabad

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 Income Tax Colony Hyderabad 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 Income Tax Colony Hyderabad branch. MICR code for Income Tax Colony Hyderabad 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 Income Tax Colony Hyderabad is presented in the table alongside.

Use of State Bank Of India MICR code for Income Tax Colony Hyderabad branch in hyderabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Income Tax Colony Hyderabad 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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