SBI Nasik Nashik Maharashtra MICR CODE

Find MICR Codes for SBI Nasik 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 Maharashtra Eng.Research Institute Br.
Contact Ip-121112, 0253-2530294
Bank Details State Bank Of India Maharashtra Eng.Research Institute Br. SBIN0010376
Location Nasik, Nashik
City Nasik
District Nashik
State Maharashtra
Pincode 422004
Country IN
Address Dindori road, meri, nasik, maharashtra
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 422002013 for Maharashtra Eng.Research Institute Br. 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 422002013 of State Bank Of India, Maharashtra Eng.Research Institute Br. branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Maharashtra Eng.Research Institute Br. branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Maharashtra Eng.Research Institute Br.

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 Maharashtra Eng.Research Institute Br. 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. 422002013 is the MICR code of SBI Bank for Maharashtra Eng.Research Institute Br. branch. MICR code for Maharashtra Eng.Research Institute Br. 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 Maharashtra Eng.Research Institute Br. is presented in the table alongside.

Use of State Bank Of India MICR code for Maharashtra Eng.Research Institute Br. branch in nasik

The MICR code 422002013 is used in RBI cheque clearing process to identify the branch Maharashtra Eng.Research Institute Br. 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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