SBI Sangli Sangli Maharashtra MICR CODE

Find MICR Codes for SBI Sangli Sangli Maharashtra

↻ Reload
MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Market Yard Sangli
Contact Ip: 105696 0233-02670970/2670979
Bank Details State Bank Of India Market Yard Sangli SBIN0007971
Location Sangli, Sangli
City Sangli
District Sangli
State Maharashtra
Pincode 416446
Country IN
Address Dist sangli, maharashtra 416446
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 416002954 for Market Yard Sangli 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 416002954 of State Bank Of India, Market Yard Sangli branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Market Yard Sangli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Market Yard Sangli

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 Sangli 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. 416002954 is the MICR code of SBI Bank for Market Yard Sangli branch. MICR code for Market Yard Sangli 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 Sangli is presented in the table alongside.

Use of State Bank Of India MICR code for Market Yard Sangli branch in sangli

The MICR code 416002954 is used in RBI cheque clearing process to identify the branch Market Yard Sangli 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.

Copied!