SBI Solapur Sholapur Maharashtra MICR CODE

Find MICR Codes for SBI Solapur Sholapur Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	413002693
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hotgi Station Br.
Contact	0217- 2250322
Bank Details	State Bank Of India Hotgi Station Br. SBIN0005638

Location	Solapur, Sholapur
City	Solapur
District	Sholapur
State	Maharashtra
Pincode	413007
Country	IN
Address	Tal south solapurdist solapurmaharashtra

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 413002693 for Hotgi Station Br. 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 413002693 of State Bank Of India, Hotgi Station Br. branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Hotgi Station Br. branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of State Bank Of India are available with micr code -

>>Hotgi Station Br. >>Ind. Area Br. Solapur >>Malshiras >>Market Yard Solapur >>Mohol >>Solapur >>Station Road Solapur >>Treasury Br. Solapur

MICR code for SBI Hotgi Station Br.

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 Hotgi Station Br. 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. 413002693 is the MICR code of SBI Bank for Hotgi Station Br. branch. MICR code for Hotgi Station Br. 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 Hotgi Station Br. is presented in the table alongside.

Use of State Bank Of India MICR code for Hotgi Station Br. branch in solapur

The MICR code 413002693 is used in RBI cheque clearing process to identify the branch Hotgi Station Br. 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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