SBI Sangli Sangli Maharashtra MICR CODE

Find MICR Codes for SBI Sangli Sangli Maharashtra

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MICR Code	416002860
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	Palus
Contact	Ip-121354, 02346-226085,
Bank Details	State Bank Of India Palus SBIN0002170

Location	Sangli, Sangli
City	Sangli
District	Sangli
State	Maharashtra
Pincode	416310
Country	IN
Address	Dist sangli, maharashtra 416310

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 416002860 for Palus 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 416002860 of State Bank Of India, Palus branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Palus branch, makes the characters readable even if there are other marks and stamps on it.

A total of 14 branches of State Bank Of India are available with micr code -

>>Cac Sangli >>Industrial Estate Sangli >>Madhavnagar Sangli >>Market Yard Sangli >>Midc Kupwad (Sangali >>Mini Racpc Sangli >>Miraj >>Palus >>Racc R And Db Sangli >>Rcpc Sangli >>Sangli >>South Shivaji Nagar >>Vijayanagar Chowk Wanleswadi Sangli >>Vishram Bag Sangli

MICR code for SBI Palus

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 Palus 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. 416002860 is the MICR code of SBI Bank for Palus branch. MICR code for Palus 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 Palus is presented in the table alongside.

Use of State Bank Of India MICR code for Palus branch in sangli

The MICR code 416002860 is used in RBI cheque clearing process to identify the branch Palus 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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