State Bank Of Hyderabad Medipalli Rangareddy Andhra Pradesh MICR CODE

Find MICR Codes for State Bank Of Hyderabad Medipalli Rangareddy Andhra Pradesh

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MICR Code
Bank State Bank Of Hyderabad
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Medipally Ghatkesar
Contact 9505507353
Bank Details State Bank Of Hyderabad Medipally Ghatkesar SBHY0021927
Location Medipalli, Rangareddy
City Medipalli
District Rangareddy
State Andhra Pradesh
Pincode 500098
Country IN
Address Plot no 101 , h.no 14-61 mainroad medipally-500098 ghatkesar mandal rangareddy dist
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 Medipally Ghatkesar 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, Medipally Ghatkesar branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Medipally Ghatkesar 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 -

>>Medipally Ghatkesar

MICR code for State Bank Of Hyderabad Medipally Ghatkesar

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 Medipally Ghatkesar 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 Medipally Ghatkesar branch. MICR code for Medipally Ghatkesar 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 Medipally Ghatkesar is presented in the table alongside.

Use of SBHYD Bank MICR code for Medipally Ghatkesar branch in medipalli

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