State Bank Of Travancore New Bombay Thane Maharashtra MICR CODE

Find MICR Codes for State Bank Of Travancore New Bombay Thane Maharashtra

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MICR Code
Bank State Bank Of Travancore
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palm Beach Road Vashi
Contact 022-27564754
Bank Details State Bank Of Travancore Palm Beach Road Vashi SBTR0001074
Location New Bombay, Thane
City New Bombay
District Thane
State Maharashtra
Pincode 400703
Country IN
Address Ground floor, shop no.4 satra plaza, plot no. 19 & 20, sector 19d, palm beach rd vashi navimumbai pin 400703-email: palmbeachroad@sbt.co.in
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 400009021 for Palm Beach Road Vashi 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 400009021 of Sbt Bank, Palm Beach Road Vashi branch makes the system almost error free and faster. Use of Sbt Bank MICR codes for Palm Beach Road Vashi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of State Bank Of Travancore are available with micr code -

>>Kharghar Navi Mumbai >>Nerul Navi Mumbai >>Palm Beach Road Vashi

MICR code for State Bank Of Travancore Palm Beach Road Vashi

State Bank Of Travancore MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Sbt Bank MICR code for Palm Beach Road Vashi 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. 400009021 is the MICR code of Travancore Bank for Palm Beach Road Vashi branch. MICR code for Palm Beach Road Vashi 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 Sbt Bank Palm Beach Road Vashi is presented in the table alongside.

Use of Sbt Bank MICR code for Palm Beach Road Vashi branch in new bombay

The MICR code 400009021 is used in RBI cheque clearing process to identify the branch Palm Beach Road Vashi and Sbt 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 Travancore Bank is typically in either of these two font’s: E-138 and CMC-7.

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