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SBI Medak Medak Andhra Pradesh MICR CODE

Find MICR Codes for SBI Medak Medak Andhra Pradesh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jogipet
Contact Ip:901443
Bank Details State Bank Of India Jogipet SBIN0003729
Location Medak, Medak
City Medak
District Medak
State Andhra Pradesh
Pincode 502270
Country IN
Address No.9 by 60 bhagath singh road, namdev rao tandle bldg., distt. Medak 502270
MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jogipet
Contact 272041
Bank Details State Bank Of India Jogipet SBIN0020097
Location Medak, Medak
City Medak
District Medak
State Andhra Pradesh
Pincode 502270
Country IN
Address Noitqmekistrict
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 502002270 for Jogipet 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 502002270 of State Bank Of India, Jogipet branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Jogipet branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Jogipet

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 Jogipet 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. 502002270 is the MICR code of SBI Bank for Jogipet branch. MICR code for Jogipet 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 Jogipet is presented in the table alongside.

Use of State Bank Of India MICR code for Jogipet branch in medak

The MICR code 502002270 is used in RBI cheque clearing process to identify the branch Jogipet 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.