State Bank Of Hyderabad Naga Samunder Ranga Reddy Andhra Pradesh MICR CODE

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

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MICR Code	501004366
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	Naga Samunder
Contact	Alapati Srinivasa Rao
Bank Details	State Bank Of Hyderabad Naga Samunder SBHY0020568

Location	Naga Samunder, Ranga Reddy
City	Naga Samunder
District	Ranga Reddy
State	Andhra Pradesh
Pincode	501106
Country	IN
Address	Via kotpally, naga samunder, p.o.nagasamunder, teh.vikarabad, 501106

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 501004366 for Naga Samunder 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 501004366 of SBHYD Bank, Naga Samunder branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Naga Samunder 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 -

>>Naga Samunder

MICR code for State Bank Of Hyderabad Naga Samunder

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 Naga Samunder 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. 501004366 is the MICR code of State Bank Of Hyderabad for Naga Samunder branch. MICR code for Naga Samunder 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 Naga Samunder is presented in the table alongside.

Use of SBHYD Bank MICR code for Naga Samunder branch in naga samunder

The MICR code 501004366 is used in RBI cheque clearing process to identify the branch Naga Samunder 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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