State Bank Of Hyderabad Magadi Bangalore Rural Karnataka MICR CODE

Find MICR Codes for State Bank Of Hyderabad Magadi Bangalore Rural Karnataka

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MICR Code
Bank State Bank Of Hyderabad
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Magadi Road
Contact 7204007627
Bank Details State Bank Of Hyderabad Magadi Road SBHY0022068
Location Magadi, Bangalore Rural
City Magadi
District Bangalore Rural
State Karnataka
Pincode 560091
Country IN
Address Shop no 6 ground floor janapriya bharat enclave block 1 magadi main road bengaluru 560091
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.

Search State Bank Of Hyderabad MICR Codes in bangalore rural

You can search through MICR Codes of Karnataka branches in magadi of District bangalore rural in Karnataka State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of State Bank Of Hyderabad are available with micr code -

>>Magadi Road

How to find MICR codes for State Bank Of Hyderabad in magadi?

State Bank Of Hyderabad magadi MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From SBHYD Bank MICR codes list for magadi, one can further search by branch name specified in the table. You can find MICR codes for all State Bank Of Hyderabad magadi branches.

SBHYD Bank MICR code in magadi

State Bank Of Hyderabad MICR code is a character recognition technology used by banks in the processing of cheques. SBHYD Bank MICR code for magadi branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for State Bank Of Hyderabad branches in magadi, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does State Bank Of Hyderabad MICR code for magadi branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a State Bank Of Hyderabad magadi branch, sprinted 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. Thus MICR code for SBHYD Bank magadi branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of State Bank Of Hyderabad MICR codes for magadi branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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