State Bank Of Hyderabad Siddipet Medak Andhra Pradesh MICR CODE

Find MICR Codes for State Bank Of Hyderabad Siddipet Medak Andhra Pradesh

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MICR Code	502004213
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	Siddipet
Contact	08457-220296
Bank Details	State Bank Of Hyderabad Siddipet SBHY0020100

Location	Siddipet, Medak
City	Siddipet
District	Medak
State	Andhra Pradesh
Pincode	502103
Country	IN
Address	Siddipet, medak dist

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 502004213 for Siddipet 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 502004213 of SBHYD Bank, Siddipet branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Siddipet branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of State Bank Of Hyderabad are available with micr code -

>>Hyderabad Road >>Siddipet

MICR code for State Bank Of Hyderabad Siddipet

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 Siddipet 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. 502004213 is the MICR code of State Bank Of Hyderabad for Siddipet branch. MICR code for Siddipet 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 Siddipet is presented in the table alongside.

Use of SBHYD Bank MICR code for Siddipet branch in siddipet

The MICR code 502004213 is used in RBI cheque clearing process to identify the branch Siddipet 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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