State Bank Of Hyderabad Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for State Bank Of Hyderabad Chennai Chennai Tamil Nadu

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MICR Code
Bank State Bank Of Hyderabad
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Medavakkam
Contact 044-22773450
Bank Details State Bank Of Hyderabad Medavakkam SBHY0021207
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600100
Country IN
Address P v m complex, ist floor, plot no 2 and 3 vimala nagar velachery tambaram main road medavakkam chennai 600100
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 600004020 for Medavakkam 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 600004020 of SBHYD Bank, Medavakkam branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Medavakkam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for State Bank Of Hyderabad Medavakkam

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 Medavakkam 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. 600004020 is the MICR code of State Bank Of Hyderabad for Medavakkam branch. MICR code for Medavakkam 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 Medavakkam is presented in the table alongside.

Use of SBHYD Bank MICR code for Medavakkam branch in chennai

The MICR code 600004020 is used in RBI cheque clearing process to identify the branch Medavakkam 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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