SBI Vakadu Nellore Andhra Pradesh MICR CODE

Find MICR Codes for SBI Vakadu Nellore Andhra Pradesh

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MICR Code	524002011
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	Vidyanagar(Vakadu)
Contact	Ip 990261, 08624-228521/228513
Bank Details	State Bank Of India Vidyanagar(Vakadu) SBIN0002811

Location	Vakadu, Nellore
City	Vakadu
District	Nellore
State	Andhra Pradesh
Pincode	524413
Country	IN
Address	Gudur taluk, distt. Nellore, andhra pradesh 524413

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 524002011 for Vidyanagar(Vakadu) 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 524002011 of State Bank Of India, Vidyanagar(Vakadu) branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Vidyanagar(Vakadu) 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 -

>>Vidyanagar(Vakadu)

MICR code for SBI Vidyanagar(Vakadu)

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 Vidyanagar(Vakadu) 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. 524002011 is the MICR code of SBI Bank for Vidyanagar(Vakadu) branch. MICR code for Vidyanagar(Vakadu) 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 Vidyanagar(Vakadu) is presented in the table alongside.

Use of State Bank Of India MICR code for Vidyanagar(Vakadu) branch in vakadu

The MICR code 524002011 is used in RBI cheque clearing process to identify the branch Vidyanagar(Vakadu) 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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