State Bank Of Hyderabad Kollapur Mehboobnagar Andhra Pradesh MICR CODE

Find MICR Codes for State Bank Of Hyderabad Kollapur Mehboobnagar Andhra Pradesh

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MICR Code	509004061
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	Kollapur
Contact	D Sundaracharyulu
Bank Details	State Bank Of Hyderabad Kollapur SBHY0020195

Location	Kollapur, Mehboobnagar
City	Kollapur
District	Mehboobnagar
State	Andhra Pradesh
Pincode	509102
Country	IN
Address	Rajaveedhi,near dr.ambedkar statue,kollapur

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 509004061 for Kollapur 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 509004061 of SBHYD Bank, Kollapur branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Kollapur 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 -

>>Kollapur

MICR code for State Bank Of Hyderabad Kollapur

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 Kollapur 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. 509004061 is the MICR code of State Bank Of Hyderabad for Kollapur branch. MICR code for Kollapur 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 Kollapur is presented in the table alongside.

Use of SBHYD Bank MICR code for Kollapur branch in kollapur

The MICR code 509004061 is used in RBI cheque clearing process to identify the branch Kollapur 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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