State Bank Of Hyderabad Davangere Davangere Karnataka MICR CODE

Find MICR Codes for State Bank Of Hyderabad Davangere Davangere Karnataka

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MICR Code
Bank State Bank Of Hyderabad
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vidyanagar Davangere
Contact 262912
Bank Details State Bank Of Hyderabad Vidyanagar Davangere SBHY0022056
Location Davangere, Davangere
City Davangere
District Davangere
State Karnataka
Pincode 577005
Country IN
Address 1659 42 3 main vidyanagar taralabalu badavane davangere 577005 davangere dist karnataka state
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 Vidyanagar Davangere 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, Vidyanagar Davangere branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Vidyanagar Davangere 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 -

>>Vidyanagar Davangere

MICR code for State Bank Of Hyderabad Vidyanagar Davangere

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 Vidyanagar Davangere 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 Vidyanagar Davangere branch. MICR code for Vidyanagar Davangere 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 Vidyanagar Davangere is presented in the table alongside.

Use of SBHYD Bank MICR code for Vidyanagar Davangere branch in davangere

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