State Bank Of Hyderabad Velpur Nizamabad Andhra Pradesh MICR CODE

Find MICR Codes for State Bank Of Hyderabad Velpur Nizamabad Andhra Pradesh

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MICR Code	503004311
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	Velpur
Contact	S Hanumantha Suryanarayana Murthy
Bank Details	State Bank Of Hyderabad Velpur SBHY0020399

Location	Velpur, Nizamabad
City	Velpur
District	Nizamabad
State	Andhra Pradesh
Pincode
Country	IN
Address	Village &p.o.velpur,armoor taluqu

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 503004311 for Velpur 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 503004311 of SBHYD Bank, Velpur branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Velpur 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 -

>>Padgal >>Velpur

MICR code for State Bank Of Hyderabad Velpur

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 Velpur 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. 503004311 is the MICR code of State Bank Of Hyderabad for Velpur branch. MICR code for Velpur 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 Velpur is presented in the table alongside.

Use of SBHYD Bank MICR code for Velpur branch in velpur

The MICR code 503004311 is used in RBI cheque clearing process to identify the branch Velpur 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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