MICR Code Bank
Find MICR code for SBI Currency Administration Cell branches in India for NEFT and RTGS transfer

SBI Currency Administration Cell MICR CODE

Find MICR Codes for SBI Currency Administration Cell

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  1. State Bank Of India »
  2. Andhra Pradesh »
  3. visakhapatnam »
  4. visakhapatnam »
  5. currency administration cell (visakhapatnam )

Find MICR Codes for SBI Currency Administration Cell

MICR Code: -NA-
Bank: State Bank Of India
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Currency Administration Cell (Visakhapatnam )
Contact: 0891-2588148
Bank Details: State Bank Of India Currency Administration Cell (Visakhapatnam ) SBIN0005249
Location: Visakhapatnam, Visakhapatnam
City: Visakhapatnam
District: Visakhapatnam
State: Andhra Pradesh
Pincode: 530002
Country: IN
Address: I st floor , visakhapatnam main branch ,kancherla paradise , old jail road,visakhapatnam, dist:visakhapatnam-530002

How does MICR code for currency administration cell 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 of State Bank Of India, currency administration cell branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for currency administration cell branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI currency administration cell

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 currency administration cell 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. is the MICR code of SBI Bank for currency administration cell branch. MICR code for currency administration cell 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 currency administration cell is presented in the table alongside.

Use of State Bank Of India MICR code for currency administration cell branch in visakhapatnam

The MICR code is used in RBI cheque clearing process to identify the branch currency administration cell 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.