SBI New Panvel Raigad Maharashtra MICR CODE

Find MICR Codes for SBI New Panvel Raigad 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 New Panvel East Br.
Contact 9869277696, 022-27462268
Bank Details State Bank Of India New Panvel East Br. SBIN0011758
Location New Panvel, Raigad
City New Panvel
District Raigad
State Maharashtra
Pincode 410206
Country IN
Address .plot.no41, sector.3, new.panvel.east.raigad.410206
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.

Search SBI MICR Codes in raigad

You can search through MICR Codes of Maharashtra branches in new panvel of District raigad in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of State Bank Of India are available with micr code -

>>New Panvel East Br.

How to find MICR codes for SBI in new panvel?

SBI new panvel MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From State Bank Of India MICR codes list for new panvel, one can further search by branch name specified in the table. You can find MICR codes for all SBI new panvel branches.

State Bank Of India MICR code in new panvel

SBI MICR code is a character recognition technology used by banks in the processing of cheques. State Bank Of India MICR code for new panvel branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for SBI Bank branches in new panvel, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does SBI Bank MICR code for new panvel branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a SBI new panvel branch, sprinted 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. Thus MICR code for State Bank Of India new panvel branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of SBI Bank MICR codes for new panvel branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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