State Bank Of Hyderabad Sabbavaram Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for State Bank Of Hyderabad Sabbavaram Vishakhapatnam Andhra Pradesh

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MICR Code	531004998
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	Sabbavaram
Contact	8924-248225
Bank Details	State Bank Of Hyderabad Sabbavaram SBHY0021213

Location	Sabbavaram, Vishakhapatnam
City	Sabbavaram
District	Vishakhapatnam
State	Andhra Pradesh
Pincode	531035
Country	IN
Address	2-29, first floor main road, sabbavaram visakhapatnam 531035

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 531004998 for Sabbavaram 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 531004998 of SBHYD Bank, Sabbavaram branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Sabbavaram 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 -

>>Sabbavaram

MICR code for State Bank Of Hyderabad Sabbavaram

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 Sabbavaram 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. 531004998 is the MICR code of State Bank Of Hyderabad for Sabbavaram branch. MICR code for Sabbavaram 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 Sabbavaram is presented in the table alongside.

Use of SBHYD Bank MICR code for Sabbavaram branch in sabbavaram

The MICR code 531004998 is used in RBI cheque clearing process to identify the branch Sabbavaram 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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