State Bank Of Hyderabad Kurunda Hingoli Maharashtra MICR CODE

Find MICR Codes for State Bank Of Hyderabad Kurunda Hingoli 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 Kurunda
Contact 02454-246040;9604445131
Bank Details State Bank Of Hyderabad Kurunda SBHY0021723
Location Kurunda, Hingoli
City Kurunda
District Hingoli
State Maharashtra
Pincode 431512
Country IN
Address Ingole complex, kurunda, tq.basmathnagar, dist.hingoli-431512
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 0 for Kurunda 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 0 of SBHYD Bank, Kurunda branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Kurunda 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 -

>>Kurunda

MICR code for State Bank Of Hyderabad Kurunda

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 Kurunda 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. 0 is the MICR code of State Bank Of Hyderabad for Kurunda branch. MICR code for Kurunda 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 Kurunda is presented in the table alongside.

Use of SBHYD Bank MICR code for Kurunda branch in kurunda

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kurunda 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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