State Bank Of Hyderabad Moinabad Ranga Reddy Andhra Pradesh MICR CODE

Find MICR Codes for State Bank Of Hyderabad Moinabad Ranga Reddy Andhra Pradesh

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MICR Code	501004504
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	Moinabad
Contact	Jammula Venkateswara Rao
Bank Details	State Bank Of Hyderabad Moinabad SBHY0020637

Location	Moinabad, Ranga Reddy
City	Moinabad
District	Ranga Reddy
State	Andhra Pradesh
Pincode	501518
Country	IN
Address	3-99/5/a,state highway no.4.,moinabad,501518

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 501004504 for Moinabad 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 501004504 of SBHYD Bank, Moinabad branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Moinabad 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 -

>>Moinabad

MICR code for State Bank Of Hyderabad Moinabad

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 Moinabad 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. 501004504 is the MICR code of State Bank Of Hyderabad for Moinabad branch. MICR code for Moinabad 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 Moinabad is presented in the table alongside.

Use of SBHYD Bank MICR code for Moinabad branch in moinabad

The MICR code 501004504 is used in RBI cheque clearing process to identify the branch Moinabad 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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