SBI Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for SBI Hyderabad Hyderabad Telangana

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MICR Code	500009009
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	Miccorporate Branch Hyderabad
Contact	2780013
Bank Details	State Bank Of India Miccorporate Branch Hyderabad SBIN0071111

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Telangana
Pincode	500004
Country	IN
Address	2nd floor, kamala towers sp road, secunderabad, 500003

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.

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Miccorporate Branch Hyderabad (500009009)

How does MICR code 500009009 for Miccorporate Branch Hyderabad 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 500009009 of State Bank Of India, Miccorporate Branch Hyderabad branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Miccorporate Branch Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 86 branches of State Bank Of India are available with micr code -

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MICR code for SBI Miccorporate Branch Hyderabad

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 Miccorporate Branch Hyderabad 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. 500009009 is the MICR code of SBI Bank for Miccorporate Branch Hyderabad branch. MICR code for Miccorporate Branch Hyderabad 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 Miccorporate Branch Hyderabad is presented in the table alongside.

Use of State Bank Of India MICR code for Miccorporate Branch Hyderabad branch in hyderabad

The MICR code 500009009 is used in RBI cheque clearing process to identify the branch Miccorporate Branch Hyderabad 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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