State Bank Of Hyderabad Matul Nanded Maharashtra MICR CODE

Find MICR Codes for State Bank Of Hyderabad Matul Nanded Maharashtra

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MICR Code	431004699
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	Matul
Contact	G N Kalaskar
Bank Details	State Bank Of Hyderabad Matul SBHY0020699

Location	Matul, Nanded
City	Matul
District	Nanded
State	Maharashtra
Pincode	431801
Country	IN
Address	Matul,teh.bhokar

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 431004699 for Matul 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 431004699 of SBHYD Bank, Matul branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Matul 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 -

>>Matul

MICR code for State Bank Of Hyderabad Matul

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 Matul 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. 431004699 is the MICR code of State Bank Of Hyderabad for Matul branch. MICR code for Matul 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 Matul is presented in the table alongside.

Use of SBHYD Bank MICR code for Matul branch in matul

The MICR code 431004699 is used in RBI cheque clearing process to identify the branch Matul 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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