SBI Mumbai Raigad Maharashtra MICR CODE

Find MICR Codes for SBI Mumbai 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 Sbi Credit Card Neft
Contact 022-27561665
Bank Details State Bank Of India Sbi Credit Card Neft SBIN00CARDS
Location Mumbai, Raigad
City Mumbai
District Raigad
State Maharashtra
Pincode 402107
Country IN
Address Payment systems group, state bank gitc, cbd belapur, navi mumbai
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 0 for Sbi Credit Card Neft 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 0 of State Bank Of India, Sbi Credit Card Neft branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Sbi Credit Card Neft branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of State Bank Of India are available with micr code -

>>Mumbai (Thane Nashik) Zone Iv >>Mumbai New Panvel >>Rtc Dept Belapur >>Sbi Credit Card Neft

MICR code for SBI Sbi Credit Card Neft

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 Sbi Credit Card Neft 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. 0 is the MICR code of SBI Bank for Sbi Credit Card Neft branch. MICR code for Sbi Credit Card Neft 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 Sbi Credit Card Neft is presented in the table alongside.

Use of State Bank Of India MICR code for Sbi Credit Card Neft branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sbi Credit Card Neft 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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