SBI Nanded Nanded Maharashtra MICR CODE

Find MICR Codes for SBI Nanded Nanded Maharashtra

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MICR Code	431002701
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	Naigaon Bazar
Contact	02465-262146
Bank Details	State Bank Of India Naigaon Bazar SBIN0003498

Location	Nanded, Nanded
City	Nanded
District	Nanded
State	Maharashtra
Pincode	431709
Country	IN
Address	Opp balaji oil industries, near laxmi talkies, distt nanded, maharashtra 431709

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 431002701 for Naigaon Bazar 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 431002701 of State Bank Of India, Naigaon Bazar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Naigaon Bazar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 62 branches of State Bank Of India are available with micr code -

>>Ardhapur >>Babhulgaon (Dist. Nanded) >>Barad >>Barahalli >>Bhokar >>Biloli >>Chaitnya Nagar Nanded >>Currency Administration Cell Nanded >>Degloor >>Degloornaka Nanded >>Dhanegaon Midc >>Dharmabad >>Dharmabad >>Dsh Nanded >>Fimm Racc Kinwat >>Fimm Racc Nanded >>Gandhinagar >>Gojegaon >>Gokul Nagar Chikhali Bk >>Gurudwara >>Hadgaon >>Himayatnagar >>I E Nanded >>Islapur >>Kandhar >>Kini >>Kinwat >>Kinwat >>Kundalwadi >>Limbgaon >>Lohgaon >>Matul >>Mugat >>Mukhed >>Mukramabad >>Naigaon >>Naigaon Bazar >>Nanded >>Nanded >>Nanded Adb >>Nanded Srinagar Colony >>Nanded Vazirabad >>Penur >>Racpc Nanded >>Ramthirth Adb >>Rbo Fi And Mm Nanded >>Rcpc Nanded >>Sarkhani >>Sbiintouch Nanded >>Shiradhon >>Shirur Dabade >>Sme Branch Nanded >>Smec Nanded >>Sonkhed >>Srtm Universityarea Nanded >>Tamsa >>Taroda Naka Nanded >>Tarodanaka Nanded >>Tuppa >>Wadi Nanded >>Yatala >>Yeshwant Nagar Nanded

MICR code for SBI Naigaon Bazar

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 Naigaon Bazar 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. 431002701 is the MICR code of SBI Bank for Naigaon Bazar branch. MICR code for Naigaon Bazar 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 Naigaon Bazar is presented in the table alongside.

Use of State Bank Of India MICR code for Naigaon Bazar branch in nanded

The MICR code 431002701 is used in RBI cheque clearing process to identify the branch Naigaon Bazar 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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