SBI Karimnagar Karim Nagar Andhra Pradesh MICR CODE

Find MICR Codes for SBI Karimnagar Karim Nagar Andhra Pradesh

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MICR Code	505002001
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	Karimnagar
Contact	0878-2243467 Ip-900766
Bank Details	State Bank Of India Karimnagar SBIN0004903

Location	Karimnagar, Karim Nagar
City	Karimnagar
District	Karim Nagar
State	Andhra Pradesh
Pincode	505002
Country	IN
Address	H.no. 2-8-242, maruthi complex, capt v.raghunand marg, mukhampura, karimnagar

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 505002001 for Karimnagar 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 505002001 of State Bank Of India, Karimnagar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Karimnagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of State Bank Of India are available with micr code -

>>Chilvakoduru >>Kaman Road Karimnagar >>Karimnagar

MICR code for SBI Karimnagar

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 Karimnagar 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. 505002001 is the MICR code of SBI Bank for Karimnagar branch. MICR code for Karimnagar 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 Karimnagar is presented in the table alongside.

Use of State Bank Of India MICR code for Karimnagar branch in karimnagar

The MICR code 505002001 is used in RBI cheque clearing process to identify the branch Karimnagar 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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