SBI Shribag Raigad Maharashtra MICR CODE

Find MICR Codes for SBI Shribag Raigad Maharashtra

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MICR Code	-NA-
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	Shribag
Contact	9765708200
Bank Details	State Bank Of India Shribag SBIN0014729

Location	Shribag, Raigad
City	Shribag
District	Raigad
State	Maharashtra
Pincode	402201
Country	IN
Address	Lalan apartment, shribag no. 3, alibag, dist: raigad-402201

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 Shribag 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, Shribag branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Shribag 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 -

>>Shribag

MICR code for SBI Shribag

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 Shribag 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 Shribag branch. MICR code for Shribag 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 Shribag is presented in the table alongside.

Use of State Bank Of India MICR code for Shribag branch in shribag

The MICR code 0 is used in RBI cheque clearing process to identify the branch Shribag 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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