SBI Mahabubnagar Mehboobnagar Andhra Pradesh MICR CODE

Find MICR Codes for SBI Mahabubnagar Mehboobnagar Andhra Pradesh

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MICR Code	509002411
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	Maddur
Contact	08506-289426
Bank Details	State Bank Of India Maddur SBIN0004694

Location	Mahabubnagar, Mehboobnagar
City	Mahabubnagar
District	Mehboobnagar
State	Andhra Pradesh
Pincode	509411
Country	IN
Address	Dist mahbubnagar, a p 509411

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 509002411 for Maddur 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 509002411 of State Bank Of India, Maddur branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Maddur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 11 branches of State Bank Of India are available with micr code -

>>Adb Shantinagar >>Farooq Nagar >>Ieeja >>Kalwakurthy Adb >>Lingal >>Maddur >>Mahabubnagar >>Makhtal Adb >>Manopad >>Narayanpet >>Undavally

MICR code for SBI Maddur

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 Maddur 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. 509002411 is the MICR code of SBI Bank for Maddur branch. MICR code for Maddur 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 Maddur is presented in the table alongside.

Use of State Bank Of India MICR code for Maddur branch in mahabubnagar

The MICR code 509002411 is used in RBI cheque clearing process to identify the branch Maddur 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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