State Bank Of Hyderabad Parbhani Parbhani Maharashtra MICR CODE

Find MICR Codes for State Bank Of Hyderabad Parbhani Parbhani 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 Basmat Road Parbhani
Contact 02452-230202
Bank Details State Bank Of Hyderabad Basmat Road Parbhani SBHY0021054
Location Parbhani, Parbhani
City Parbhani
District Parbhani
State Maharashtra
Pincode 431401
Country IN
Address 43, shivramnagar, basmatnagar, parbhani, maharastra-431401
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 431004121 for Basmat Road Parbhani 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 431004121 of SBHYD Bank, Basmat Road Parbhani branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Basmat Road Parbhani branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of State Bank Of Hyderabad are available with micr code -

>>Basmat Road Parbhani >>Erandeshwar >>Jintur Road Branch Parbhani >>Parbhani >>Parbhani >>Parbhani >>Parbhani

MICR code for State Bank Of Hyderabad Basmat Road Parbhani

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 Basmat Road Parbhani 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. 431004121 is the MICR code of State Bank Of Hyderabad for Basmat Road Parbhani branch. MICR code for Basmat Road Parbhani 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 Basmat Road Parbhani is presented in the table alongside.

Use of SBHYD Bank MICR code for Basmat Road Parbhani branch in parbhani

The MICR code 431004121 is used in RBI cheque clearing process to identify the branch Basmat Road Parbhani 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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