SBI Beed Beed Maharashtra MICR CODE

Find MICR Codes for SBI Beed Beed Maharashtra

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mini Racpc Beed
Contact 0-9823839025
Bank Details State Bank Of India Mini Racpc Beed SBIN0064161
Location Beed, Beed
City Beed
District Beed
State Maharashtra
Pincode 431122
Country IN
Address Sbi rajurives,near ashok takies,bashir gunj,beed-431122
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 0 for Mini Racpc Beed 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 0 of State Bank Of India, Mini Racpc Beed branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Mini Racpc Beed branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Mini Racpc Beed

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 Mini Racpc Beed 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. 0 is the MICR code of SBI Bank for Mini Racpc Beed branch. MICR code for Mini Racpc Beed 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 Mini Racpc Beed is presented in the table alongside.

Use of State Bank Of India MICR code for Mini Racpc Beed branch in beed

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mini Racpc Beed 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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