State Bank Of Travancore Panvel Raigad Maharashtra MICR CODE

Find MICR Codes for State Bank Of Travancore Panvel Raigad Maharashtra

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MICR Code	400009020
Bank	State Bank Of Travancore
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vichumbe
Contact	022-27564754
Bank Details	State Bank Of Travancore Vichumbe SBTR0001073

Location	Panvel, Raigad
City	Panvel
District	Raigad
State	Maharashtra
Pincode	410206
Country	IN
Address	Ground floor, gate no.173, at.vichumbe p.o. Tal panvel, raigad dist-- maharashtra state pin 410206 vichumbe@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 400009020 for Vichumbe 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 400009020 of Sbt Bank, Vichumbe branch makes the system almost error free and faster. Use of Sbt Bank MICR codes for Vichumbe branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of State Bank Of Travancore are available with micr code -

>>Panvel Navimumbai >>Panvel Navimumbai >>Panvel Navimumbai >>Vichumbe

MICR code for State Bank Of Travancore Vichumbe

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 Vichumbe 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. 400009020 is the MICR code of Travancore Bank for Vichumbe branch. MICR code for Vichumbe 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 Vichumbe is presented in the table alongside.

Use of Sbt Bank MICR code for Vichumbe branch in panvel

The MICR code 400009020 is used in RBI cheque clearing process to identify the branch Vichumbe 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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