SBI Nasik Nashik Maharashtra MICR CODE

Find MICR Codes for SBI Nasik Nashik Maharashtra

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vilholi(Cidco Colony)
Contact 0253-2392476 Ip-103461
Bank Details State Bank Of India Vilholi(Cidco Colony) SBIN0007235
Location Nasik, Nashik
City Nasik
District Nashik
State Maharashtra
Pincode 422009
Country IN
Address Nasik, maharashtra, pin 422009
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 422002004 for Vilholi(Cidco Colony) 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 422002004 of State Bank Of India, Vilholi(Cidco Colony) branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Vilholi(Cidco Colony) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Vilholi(Cidco Colony)

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 Vilholi(Cidco Colony) 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. 422002004 is the MICR code of SBI Bank for Vilholi(Cidco Colony) branch. MICR code for Vilholi(Cidco Colony) 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 Vilholi(Cidco Colony) is presented in the table alongside.

Use of State Bank Of India MICR code for Vilholi(Cidco Colony) branch in nasik

The MICR code 422002004 is used in RBI cheque clearing process to identify the branch Vilholi(Cidco Colony) 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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