SBI Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for SBI Nashik Nashik Maharashtra

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Fimm Dsh Nashik
Contact 07875559910
Bank Details State Bank Of India Fimm Dsh Nashik SBIN0062879
Location Nashik, Nashik
City Nashik
District Nashik
State Maharashtra
Pincode 422101
Country IN
Address Rigved, dr vaze hospital compound, opp durga udyan, mg road, nasik road, maharashtra,dist nasik, pin 422101
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 0 for Fimm Dsh Nashik 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 0 of State Bank Of India, Fimm Dsh Nashik branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Fimm Dsh Nashik branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Fimm Dsh Nashik

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 Fimm Dsh Nashik 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. 0 is the MICR code of SBI Bank for Fimm Dsh Nashik branch. MICR code for Fimm Dsh Nashik 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 Fimm Dsh Nashik is presented in the table alongside.

Use of State Bank Of India MICR code for Fimm Dsh Nashik branch in nashik

The MICR code 0 is used in RBI cheque clearing process to identify the branch Fimm Dsh Nashik 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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