SBI Shendurni Jalgaon Maharashtra MICR CODE

Find MICR Codes for SBI Shendurni Jalgaon 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 Shendurni
Contact 02580-252888
Bank Details State Bank Of India Shendurni SBIN0012490
Location Shendurni, Jalgaon
City Shendurni
District Jalgaon
State Maharashtra
Pincode 424204
Country IN
Address Agrawal house,anand bhawan,kk nagar,shendurni 424204
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 424002888 for Shendurni 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 424002888 of State Bank Of India, Shendurni branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Shendurni 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 -

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MICR code for SBI Shendurni

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 Shendurni 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. 424002888 is the MICR code of SBI Bank for Shendurni branch. MICR code for Shendurni 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 Shendurni is presented in the table alongside.

Use of State Bank Of India MICR code for Shendurni branch in shendurni

The MICR code 424002888 is used in RBI cheque clearing process to identify the branch Shendurni 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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