SBI Nellore Nellore Andhra Pradesh MICR CODE

Find MICR Codes for SBI Nellore Nellore Andhra Pradesh

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vedayapalem
Contact 0861-2327267 Ip 990610
Bank Details State Bank Of India Vedayapalem SBIN0007457
Location Nellore, Nellore
City Nellore
District Nellore
State Andhra Pradesh
Pincode 524004
Country IN
Address G.t.road, nellore, andhra pradesh, pin 524004
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 524002005 for Vedayapalem 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 524002005 of State Bank Of India, Vedayapalem branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Vedayapalem branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Vedayapalem

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 Vedayapalem 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. 524002005 is the MICR code of SBI Bank for Vedayapalem branch. MICR code for Vedayapalem 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 Vedayapalem is presented in the table alongside.

Use of State Bank Of India MICR code for Vedayapalem branch in nellore

The MICR code 524002005 is used in RBI cheque clearing process to identify the branch Vedayapalem 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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