State Bank Of Hyderabad Nalegaon Latur Maharashtra MICR CODE

Find MICR Codes for State Bank Of Hyderabad Nalegaon Latur Maharashtra

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MICR Code	413004524
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	Nalegaon
Contact	Hiraman N Wathore
Bank Details	State Bank Of Hyderabad Nalegaon SBHY0020409

Location	Nalegaon, Latur
City	Nalegaon
District	Latur
State	Maharashtra
Pincode	413524
Country	IN
Address	Main road,nalegaon,ahmedpur taluq

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 413004524 for Nalegaon 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 413004524 of SBHYD Bank, Nalegaon branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Nalegaon 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 -

>>Nalegaon

MICR code for State Bank Of Hyderabad Nalegaon

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 Nalegaon 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. 413004524 is the MICR code of State Bank Of Hyderabad for Nalegaon branch. MICR code for Nalegaon 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 Nalegaon is presented in the table alongside.

Use of SBHYD Bank MICR code for Nalegaon branch in nalegaon

The MICR code 413004524 is used in RBI cheque clearing process to identify the branch Nalegaon 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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