SBI Prakasam Prakasam Andhra Pradesh MICR CODE

Find MICR Codes for SBI Prakasam Prakasam Andhra Pradesh

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MICR Code	523002003
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	Ongole
Contact	Ip:903551 Tel:08592-235306
Bank Details	State Bank Of India Ongole SBIN0000890

Location	Prakasam, Prakasam
City	Prakasam
District	Prakasam
State	Andhra Pradesh
Pincode	523001
Country	IN
Address	Ongole

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 523002003 for Ongole 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 523002003 of State Bank Of India, Ongole branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Ongole branch, makes the characters readable even if there are other marks and stamps on it.

A total of 30 branches of State Bank Of India are available with micr code -

>>Addanki >>Chimakurthy >>Chirala >>Chirala >>Cumbum >>Dupadu >>Giddalur >>Inkollu >>Kandukur >>Kanigari >>Kanigiri >>Karedu >>Kothapet Chirala >>Kurnool Rd >>Kurnool Road Branch Ongole >>Main Br >>Mangamur Road >>Markapur >>Markapur >>Markapur Bazar >>Marthur >>Ongole >>Pakala >>Pamuru Adb >>Podili >>Singarayakonda >>Tanguturu >>Tanguturu >>Tarlupadu >>Vetapalem

MICR code for SBI Ongole

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 Ongole 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. 523002003 is the MICR code of SBI Bank for Ongole branch. MICR code for Ongole 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 Ongole is presented in the table alongside.

Use of State Bank Of India MICR code for Ongole branch in prakasam

The MICR code 523002003 is used in RBI cheque clearing process to identify the branch Ongole 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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