SBI Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for SBI Kolhapur Kolhapur Maharashtra

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MICR Code	416002009
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	Market Yard Kolhapur
Contact	Ip:105586 0231-2651710/2654893
Bank Details	State Bank Of India Market Yard Kolhapur SBIN0001887

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416005
Country	IN
Address	Market yard kolhapur mumbai

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 416002009 for Market Yard Kolhapur 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 416002009 of State Bank Of India, Market Yard Kolhapur branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Market Yard Kolhapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 28 branches of State Bank Of India are available with micr code -

>>Ashta >>Baba Jarag Nagar Kolhapur >>Cac Kolhapur >>Dsh Kolhapur >>Hupari >>Hutatma Park Udyamnagar Kolhapur >>Ichalkaranji >>Kagal >>Kolhapur >>Kolhapur >>Kolhapur >>Kolhapur >>Market Yard Kolhapur >>Midc Gokul Shirgaon >>Pratibha Nagar Kolhapur >>R.A.S.M.E.C.C.C. Kolhapur >>Racc Fimm Kolhapur >>Racc R And Db Kolhapur >>Rajaram Timber Market Kolhapur >>Rankala >>Rbo Fimm Kolhapur >>Rcpc Kolhapur >>Retail Asset Andsmall Enterprise Credit Cell Kolhapur >>Sane Guruji Vasahat Branch >>Sbiintouch Kolhapur >>Sme Kolhapur >>Treasury Branch Kolhapur >>Udyamnagar Indl. Estate Kolhapur

MICR code for SBI Market Yard Kolhapur

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 Market Yard Kolhapur 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. 416002009 is the MICR code of SBI Bank for Market Yard Kolhapur branch. MICR code for Market Yard Kolhapur 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 Market Yard Kolhapur is presented in the table alongside.

Use of State Bank Of India MICR code for Market Yard Kolhapur branch in kolhapur

The MICR code 416002009 is used in RBI cheque clearing process to identify the branch Market Yard Kolhapur 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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