State Bank Of Hyderabad Dhanegaon Beed Maharashtra MICR CODE

Find MICR Codes for State Bank Of Hyderabad Dhanegaon Beed Maharashtra

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MICR Code	431004581
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	Dhanegaon
Contact	Rajeshwar Patil
Bank Details	State Bank Of Hyderabad Dhanegaon SBHY0020665

Location	Dhanegaon, Beed
City	Dhanegaon
District	Beed
State	Maharashtra
Pincode	431518
Country	IN
Address	Dhanegaon,teh.kaij

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 431004581 for Dhanegaon 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 431004581 of SBHYD Bank, Dhanegaon branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Dhanegaon 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 -

>>Dhanegaon

MICR code for State Bank Of Hyderabad Dhanegaon

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 Dhanegaon 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. 431004581 is the MICR code of State Bank Of Hyderabad for Dhanegaon branch. MICR code for Dhanegaon 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 Dhanegaon is presented in the table alongside.

Use of SBHYD Bank MICR code for Dhanegaon branch in dhanegaon

The MICR code 431004581 is used in RBI cheque clearing process to identify the branch Dhanegaon 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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