SBI Parbhani Parbhani Maharashtra MICR CODE

Find MICR Codes for SBI Parbhani Parbhani Maharashtra

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MICR Code	431002989
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	Midc Parbhani
Contact	Ip:02452-248114/246525 0240-2482536
Bank Details	State Bank Of India Midc Parbhani SBIN0007918

Location	Parbhani, Parbhani
City	Parbhani
District	Parbhani
State	Maharashtra
Pincode	431401
Country	IN
Address	Opp govt milk scheme midc area distt parbhani maharashtra 431401

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 431002989 for Midc Parbhani 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 431002989 of State Bank Of India, Midc Parbhani branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Midc Parbhani branch, makes the characters readable even if there are other marks and stamps on it.

A total of 31 branches of State Bank Of India are available with micr code -

>>Basmat Road Parbhani >>Bori >>Cac Parbhani >>Daithana >>Deogaon >>Dsh Parbhani >>Erandeshwar >>Gangakhed >>Jintur >>Jintur Raoad Parbhani >>Jintur Road Branch Parbhani >>Malewadi >>Manwath >>Marathwada Krishi Vidyapeeth >>Midc Parbhani >>Nanalpet >>Palam >>Parbhani >>Parbhani Adb >>Parbhani Main >>Patri Adb >>Pbb Kalyan Nagar >>Purna >>Racc Parbhani Fimm >>Racc R And Db Parbhani >>Racpc Parbhani >>Rbo Parbhani >>Sailu >>Sme Parbhani >>Sonpeth >>Zari

MICR code for SBI Midc Parbhani

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 Midc Parbhani 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. 431002989 is the MICR code of SBI Bank for Midc Parbhani branch. MICR code for Midc Parbhani 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 Midc Parbhani is presented in the table alongside.

Use of State Bank Of India MICR code for Midc Parbhani branch in parbhani

The MICR code 431002989 is used in RBI cheque clearing process to identify the branch Midc Parbhani 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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