SBI Karad City Karad City Maharashtra MICR CODE

Find MICR Codes for SBI Karad City Karad City Maharashtra

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Address

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	Karad City
Contact	0-7875550393
Bank Details	State Bank Of India Karad City SBIN0061383

Location	Karad City, Karad City
City	Karad City
District	Karad City
State	Maharashtra
Pincode	415110
Country	IN
Address	Shubhashree pride,plot no.276,wakhan road,budhwar peth karad-415110

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 Karad City 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, Karad City branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Karad City 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 -

>>Karad City

MICR code for SBI Karad City

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 Karad City 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 Karad City branch. MICR code for Karad City 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 Karad City is presented in the table alongside.

Use of State Bank Of India MICR code for Karad City branch in karad city

The MICR code 0 is used in RBI cheque clearing process to identify the branch Karad City 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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