State Bank Of Hyderabad Warangal Warangal Andhra Pradesh MICR CODE

Find MICR Codes for State Bank Of Hyderabad Warangal Warangal Andhra Pradesh

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MICR Code
Bank State Bank Of Hyderabad
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Fathima Nagar
Contact 0870-2459493
Bank Details State Bank Of Hyderabad Fathima Nagar SBHY0021111
Location Warangal, Warangal
City Warangal
District Warangal
State Andhra Pradesh
Pincode 506004
Country IN
Address H no 24 7 24,fathima nagar branch warangal 506 004
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 506004123 for Fathima Nagar 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 506004123 of SBHYD Bank, Fathima Nagar branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Fathima Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for State Bank Of Hyderabad Fathima Nagar

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 Fathima Nagar 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. 506004123 is the MICR code of State Bank Of Hyderabad for Fathima Nagar branch. MICR code for Fathima Nagar 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 Fathima Nagar is presented in the table alongside.

Use of SBHYD Bank MICR code for Fathima Nagar branch in warangal

The MICR code 506004123 is used in RBI cheque clearing process to identify the branch Fathima Nagar 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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