SBI Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for SBI Nashik Nashik 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 Korit Road Nandurbar
Contact
Bank Details State Bank Of India Korit Road Nandurbar SBIN0061467
Location Nashik, Nashik
City Nashik
District Nashik
State Maharashtra
Pincode 425412
Country IN
Address Sudeesha plaza,plot no.3,ganesh nagar,korit road,nandurbar-425412
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 Korit Road Nandurbar 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, Korit Road Nandurbar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Korit Road Nandurbar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Korit Road Nandurbar

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 Korit Road Nandurbar 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 Korit Road Nandurbar branch. MICR code for Korit Road Nandurbar 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 Korit Road Nandurbar is presented in the table alongside.

Use of State Bank Of India MICR code for Korit Road Nandurbar branch in nashik

The MICR code 0 is used in RBI cheque clearing process to identify the branch Korit Road Nandurbar 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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