SBI Mandangad Ratnagiri Maharashtra MICR CODE

Find MICR Codes for SBI Mandangad Ratnagiri Maharashtra

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MICR Code	416002534
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	Mandangad
Contact	9420725441
Bank Details	State Bank Of India Mandangad SBIN0012242

Location	Mandangad, Ratnagiri
City	Mandangad
District	Ratnagiri
State	Maharashtra
Pincode	415203
Country	IN
Address	Opp babasaheb ambedkar high school, mandangad, ratnagiri415203

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 416002534 for Mandangad 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 416002534 of State Bank Of India, Mandangad branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Mandangad 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 -

>>Mandangad

MICR code for SBI Mandangad

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 Mandangad 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. 416002534 is the MICR code of SBI Bank for Mandangad branch. MICR code for Mandangad 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 Mandangad is presented in the table alongside.

Use of State Bank Of India MICR code for Mandangad branch in mandangad

The MICR code 416002534 is used in RBI cheque clearing process to identify the branch Mandangad 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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