SBI Visakhapatnam Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for SBI Visakhapatnam Visakhapatnam Andhra Pradesh

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mithilapuri Colony Road Madhurawada
Contact
Bank Details State Bank Of India Mithilapuri Colony Road Madhurawada SBIN0016024
Location Visakhapatnam, Visakhapatnam
City Visakhapatnam
District Visakhapatnam
State Andhra Pradesh
Pincode 530041
Country IN
Address Ground floor, d.no.1-173/5, annapurna arcade, mithilapuri col. Road, madhurawada, visakhapatnam. Andhra pradesh -530041
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 Mithilapuri Colony Road Madhurawada 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, Mithilapuri Colony Road Madhurawada branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Mithilapuri Colony Road Madhurawada branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Mithilapuri Colony Road Madhurawada

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 Mithilapuri Colony Road Madhurawada 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 Mithilapuri Colony Road Madhurawada branch. MICR code for Mithilapuri Colony Road Madhurawada 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 Mithilapuri Colony Road Madhurawada is presented in the table alongside.

Use of State Bank Of India MICR code for Mithilapuri Colony Road Madhurawada branch in visakhapatnam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mithilapuri Colony Road Madhurawada 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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