SBI Satara Koregaon Maharashtra MICR CODE

Find MICR Codes for SBI Satara Koregaon Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	-NA-
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	Kumthe
Contact	9158299977
Bank Details	State Bank Of India Kumthe SBIN0018866

Location	Satara, Koregaon
City	Satara
District	Koregaon
State	Maharashtra
Pincode	415501
Country	IN
Address	At post kumthe, tal-koregaon, distt.satara, maharashtra-415501

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

A total of 1 branches of State Bank Of India are available with micr code -

>>Kumthe

MICR code for SBI Kumthe

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 Kumthe 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 Kumthe branch. MICR code for Kumthe 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 Kumthe is presented in the table alongside.

Use of State Bank Of India MICR code for Kumthe branch in satara

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kumthe 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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