SBI Sholavandan Madurai Tamil Nadu MICR CODE

Find MICR Codes for SBI Sholavandan Madurai Tamil Nadu

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sholavandan
Contact Ip-990380, 04543-258271
Bank Details State Bank Of India Sholavandan SBIN0002270
Location Sholavandan, Madurai
City Sholavandan
District Madurai
State Tamil Nadu
Pincode 625214
Country IN
Address 43 north car street, distt. Madurai, tamil nadu 625214
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 625002270 for Sholavandan 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 625002270 of State Bank Of India, Sholavandan branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Sholavandan 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 -

>>Sholavandan

MICR code for SBI Sholavandan

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 Sholavandan 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. 625002270 is the MICR code of SBI Bank for Sholavandan branch. MICR code for Sholavandan 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 Sholavandan is presented in the table alongside.

Use of State Bank Of India MICR code for Sholavandan branch in sholavandan

The MICR code 625002270 is used in RBI cheque clearing process to identify the branch Sholavandan 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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