SBI Ongole Prakasam Andhra Pradesh MICR CODE

Find MICR Codes for SBI Ongole Prakasam Andhra Pradesh

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Commercial Br Ongole
Contact 08592-226671 08592-226675 Ip-903301
Bank Details State Bank Of India Commercial Br Ongole SBIN0004246
Location Ongole, Prakasam
City Ongole
District Prakasam
State Andhra Pradesh
Pincode 588164
Country IN
Address D no.588164,bm aptmt,ramakuravar st,santhapet,ongole,dist prakasam
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 523002001 for Commercial Br Ongole 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 523002001 of State Bank Of India, Commercial Br Ongole branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Commercial Br Ongole branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of State Bank Of India are available with micr code -

>>Bmc Ongole >>Commercial Br Ongole >>District Court Complex Ongole >>Rcpc Ongole >>Regional Business Office Ongole

MICR code for SBI Commercial Br Ongole

SBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of India MICR code for Commercial Br Ongole 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. 523002001 is the MICR code of SBI Bank for Commercial Br Ongole branch. MICR code for Commercial Br Ongole 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 State Bank Of India Commercial Br Ongole is presented in the table alongside.

Use of State Bank Of India MICR code for Commercial Br Ongole branch in ongole

The MICR code 523002001 is used in RBI cheque clearing process to identify the branch Commercial Br Ongole and State 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 SBI Bank is typically in either of these two font’s: E-138 and CMC-7.

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