State Bank Of Hyderabad Alwai Bidar Karnataka MICR CODE

Find MICR Codes for State Bank Of Hyderabad Alwai Bidar Karnataka

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MICR Code	585004416
Bank	State Bank Of Hyderabad
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Alwai
Contact	Baburao C Borale
Bank Details	State Bank Of Hyderabad Alwai SBHY0020629

Location	Alwai, Bidar
City	Alwai
District	Bidar
State	Karnataka
Pincode	585416
Country	IN
Address	Alwai,teh.bhalki,585416 bidar dist karnataka

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 585004416 for Alwai 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 585004416 of SBHYD Bank, Alwai branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Alwai 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 -

>>Alwai

MICR code for State Bank Of Hyderabad Alwai

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 Alwai 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. 585004416 is the MICR code of State Bank Of Hyderabad for Alwai branch. MICR code for Alwai 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 Alwai is presented in the table alongside.

Use of SBHYD Bank MICR code for Alwai branch in alwai

The MICR code 585004416 is used in RBI cheque clearing process to identify the branch Alwai 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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