State Bank Of Hyderabad Akhada Balapur Hingoli Maharashtra MICR CODE

Find MICR Codes for State Bank Of Hyderabad Akhada Balapur Hingoli Maharashtra

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MICR Code
Bank State Bank Of Hyderabad
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Akhada Balapur
Contact 7719059549
Bank Details State Bank Of Hyderabad Akhada Balapur SBHY0021732
Location Akhada Balapur, Hingoli
City Akhada Balapur
District Hingoli
State Maharashtra
Pincode 431701
Country IN
Address Near kannawar cloth store,main road,akhada balapur dist.hingoli-431701
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 0 for Akhada Balapur 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 0 of SBHYD Bank, Akhada Balapur branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Akhada Balapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of Hyderabad are available with micr code -

>>Akhada Balapur

MICR code for State Bank Of Hyderabad Akhada Balapur

State Bank Of Hyderabad MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SBHYD Bank MICR code for Akhada Balapur 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. 0 is the MICR code of State Bank Of Hyderabad for Akhada Balapur branch. MICR code for Akhada Balapur 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 SBHYD Bank Akhada Balapur is presented in the table alongside.

Use of SBHYD Bank MICR code for Akhada Balapur branch in akhada balapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Akhada Balapur and SBHYD Bank 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 State Bank Of Hyderabad is typically in either of these two font’s: E-138 and CMC-7.

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