SBI Madakasira Anantpur Andhra Pradesh MICR CODE

Find MICR Codes for SBI Madakasira Anantpur Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	515002301
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	Madakasira
Contact	Ip:990105,08493-288421
Bank Details	State Bank Of India Madakasira SBIN0000251

Location	Madakasira, Anantpur
City	Madakasira
District	Anantpur
State	Andhra Pradesh
Pincode	515501
Country	IN
Address	Dist anantapur, a p 515501

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 515002301 for Madakasira 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 515002301 of State Bank Of India, Madakasira branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Madakasira 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 -

>>Madakasira

MICR code for SBI Madakasira

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 Madakasira 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. 515002301 is the MICR code of SBI Bank for Madakasira branch. MICR code for Madakasira 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 Madakasira is presented in the table alongside.

Use of State Bank Of India MICR code for Madakasira branch in madakasira

The MICR code 515002301 is used in RBI cheque clearing process to identify the branch Madakasira 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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