SBI y ramavaram MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From State Bank Of India MICR codes list for y ramavaram, one can further search by branch name specified in the table. You can find MICR codes for all SBI y ramavaram branches.
SBI MICR code is a character recognition technology used by banks in the processing of cheques. State Bank Of India MICR code for y ramavaram branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for SBI Bank branches in y ramavaram, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.
In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a SBI y ramavaram branch, sprinted 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. Thus MICR code for State Bank Of India y ramavaram branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of SBI Bank MICR codes for y ramavaram branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!