SBI Thane Thane Maharashtra MICR CODE

Find MICR Codes for SBI Thane Thane 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 Wagle Ind. Estate
Contact Ip:106406;T:022-25704423
Bank Details State Bank Of India Wagle Ind. Estate SBIN0001053
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400604
Country IN
Address Road no 22 dist thane maharashtra 400604
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 400002097 for Wagle Ind. Estate 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 400002097 of State Bank Of India, Wagle Ind. Estate branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Wagle Ind. Estate branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Wagle Ind. Estate

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 Wagle Ind. Estate 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. 400002097 is the MICR code of SBI Bank for Wagle Ind. Estate branch. MICR code for Wagle Ind. Estate 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 Wagle Ind. Estate is presented in the table alongside.

Use of State Bank Of India MICR code for Wagle Ind. Estate branch in thane

The MICR code 400002097 is used in RBI cheque clearing process to identify the branch Wagle Ind. Estate 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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