SBI Raigad Raigad Maharashtra MICR CODE

Find MICR Codes for SBI Raigad Raigad Maharashtra

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	400002550
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	Wadkhal
Contact	02143-269204 - 269284
Bank Details	State Bank Of India Wadkhal SBIN0012704

Location	Raigad, Raigad
City	Raigad
District	Raigad
State	Maharashtra
Pincode	402107
Country	IN
Address	Wadkhal branch,at and post wadkhal,taluka pen,dist raigad,maharashtra

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 400002550 for Wadkhal 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 400002550 of State Bank Of India, Wadkhal branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Wadkhal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of State Bank Of India are available with micr code -

>>Khandeshwar Navi Mumbai >>Murud Janjira >>Nagothane >>Navade >>Pen >>Ril Nagothane >>Sbiintouch Panvel >>Wadkhal

MICR code for SBI Wadkhal

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 Wadkhal 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. 400002550 is the MICR code of SBI Bank for Wadkhal branch. MICR code for Wadkhal 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 Wadkhal is presented in the table alongside.

Use of State Bank Of India MICR code for Wadkhal branch in raigad

The MICR code 400002550 is used in RBI cheque clearing process to identify the branch Wadkhal 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.

Copied!