SBI Thane Thane Maharashtra MICR CODE

Find MICR Codes for SBI Thane Thane 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 Indira Nagar
Contact
Bank Details State Bank Of India Indira Nagar SBIN0061803
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400604
Country IN
Address 10, dev ashoka, esic road, indira nagar,thane west pin 400604
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 Indira Nagar 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, Indira Nagar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Indira Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Indira Nagar

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 Indira Nagar 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 Indira Nagar branch. MICR code for Indira Nagar 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 Indira Nagar is presented in the table alongside.

Use of State Bank Of India MICR code for Indira Nagar branch in thane

The MICR code 0 is used in RBI cheque clearing process to identify the branch Indira Nagar 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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