State Bank Of Hyderabad Madaj Osmanabad Maharashtra MICR CODE

Find MICR Codes for State Bank Of Hyderabad Madaj Osmanabad Maharashtra

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MICR Code	41304603
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	Madaj
Contact	Anil Raghunathrao Kulkarni
Bank Details	State Bank Of Hyderabad Madaj SBHY0020624

Location	Madaj, Osmanabad
City	Madaj
District	Osmanabad
State	Maharashtra
Pincode	413606
Country	IN
Address	Madaj,teh.omerga

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 41304603 for Madaj 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 41304603 of SBHYD Bank, Madaj branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Madaj 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 -

>>Madaj

MICR code for State Bank Of Hyderabad Madaj

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 Madaj 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. 41304603 is the MICR code of State Bank Of Hyderabad for Madaj branch. MICR code for Madaj 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 Madaj is presented in the table alongside.

Use of SBHYD Bank MICR code for Madaj branch in madaj

The MICR code 41304603 is used in RBI cheque clearing process to identify the branch Madaj 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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