State Bank Of Hyderabad Panjim North Goa Goa MICR CODE

Find MICR Codes for State Bank Of Hyderabad Panjim North Goa Goa

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MICR Code	-NA-
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	Panjim
Contact	2226021
Bank Details	State Bank Of Hyderabad Panjim SBHY0021839

Location	Panjim, North Goa
City	Panjim
District	North Goa
State	Goa
Pincode	403001
Country	IN
Address	Shop no 3 ground floor nova goa building atmaram borkar road panjim north goa district 403001 goa

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

>>Panjim

MICR code for State Bank Of Hyderabad Panjim

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 Panjim 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 Panjim branch. MICR code for Panjim 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 Panjim is presented in the table alongside.

Use of SBHYD Bank MICR code for Panjim branch in panjim

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