SBI Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for SBI Mumbai Greater Bombay Maharashtra

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MICR Code	400002996
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	Trade Cpc
Contact	(022) 67514124
Bank Details	State Bank Of India Trade Cpc SBIN0005050

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400013
Country	IN
Address	1st floor, synergysbi lho mumbaic-6, g block,bandra kurla

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 400002996 for Trade Cpc 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 400002996 of State Bank Of India, Trade Cpc branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Trade Cpc branch, makes the characters readable even if there are other marks and stamps on it.

A total of 211 branches of State Bank Of India are available with micr code -

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MICR code for SBI Trade Cpc

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 Trade Cpc 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. 400002996 is the MICR code of SBI Bank for Trade Cpc branch. MICR code for Trade Cpc 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 Trade Cpc is presented in the table alongside.

Use of State Bank Of India MICR code for Trade Cpc branch in mumbai

The MICR code 400002996 is used in RBI cheque clearing process to identify the branch Trade Cpc 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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