SBI Penamakur Krishna Andhra Pradesh MICR CODE

Find MICR Codes for SBI Penamakur Krishna Andhra Pradesh

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MICR Code	521002059
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	Penamakur
Contact	Ip:903633,0866-2805236
Bank Details	State Bank Of India Penamakur SBIN0005814

Location	Penamakur, Krishna
City	Penamakur
District	Krishna
State	Andhra Pradesh
Pincode	521165
Country	IN
Address	Thotlavalluru mandal, dt krishna, a p 521165

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 521002059 for Penamakur 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 521002059 of State Bank Of India, Penamakur branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Penamakur branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Penamakur

MICR code for SBI Penamakur

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 Penamakur 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. 521002059 is the MICR code of SBI Bank for Penamakur branch. MICR code for Penamakur 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 Penamakur is presented in the table alongside.

Use of State Bank Of India MICR code for Penamakur branch in penamakur

The MICR code 521002059 is used in RBI cheque clearing process to identify the branch Penamakur 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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