SBI Koyali Vadodara Gujarat MICR CODE

Find MICR Codes for SBI Koyali Vadodara Gujarat

↻ Reload
MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ipcl Koyali
Contact 0265-2232996 2230873 2230744 0265-2232841 (Fax) Ip-153471 153472
Bank Details State Bank Of India Ipcl Koyali SBIN0003677
Location Koyali, Vadodara
City Koyali
District Vadodara
State Gujarat
Pincode 393346
Country IN
Address P.o. Petrochemicals,p.o. Petrochemicals,baroda, gujrat ,pin-393346
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 390002018 for Ipcl Koyali 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 390002018 of State Bank Of India, Ipcl Koyali branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Ipcl Koyali 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 -

>>Ipcl Koyali

MICR code for SBI Ipcl Koyali

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 Ipcl Koyali 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. 390002018 is the MICR code of SBI Bank for Ipcl Koyali branch. MICR code for Ipcl Koyali 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 Ipcl Koyali is presented in the table alongside.

Use of State Bank Of India MICR code for Ipcl Koyali branch in koyali

The MICR code 390002018 is used in RBI cheque clearing process to identify the branch Ipcl Koyali 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.

Copied!