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RBI Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for RBI Hyderabad Hyderabad Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	500001001
Bank	Reserve Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Pad Hyderabad
Contact	040-23232765
Bank Details	Reserve Bank Of India Pad Hyderabad RBIS0NEFTHY

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Andhra Pradesh
Pincode	500004
Country	IN
Address	Public accounts department, 6-1-56, secretariat road, saifabad, hyderabad 500004

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 500001001 for Pad Hyderabad 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 500001001 of Reserve Bank Of India, Pad Hyderabad branch makes the system almost error free and faster. Use of Reserve Bank Of India MICR codes for Pad Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Reserve Bank Of India are available with micr code -

>>Pad Hyderabad >>Rbi Hyderabad Govt Of Telengana

MICR code for RBI Pad Hyderabad

RBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Reserve Bank Of India MICR code for Pad Hyderabad 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. 500001001 is the MICR code of RBI Bank for Pad Hyderabad branch. MICR code for Pad Hyderabad 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 Reserve Bank Of India Pad Hyderabad is presented in the table alongside.

Use of Reserve Bank Of India MICR code for Pad Hyderabad branch in hyderabad

The MICR code 500001001 is used in RBI cheque clearing process to identify the branch Pad Hyderabad and Reserve Bank Of India 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 RBI Bank is typically in either of these two font’s: E-138 and CMC-7.