SBI Visakhapatnam Vishakapatnam Andhra Pradesh MICR CODE

Find MICR Codes for SBI Visakhapatnam Vishakapatnam Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	530002016
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	Malkapuram
Contact	0891-2767906 Ip:902436
Bank Details	State Bank Of India Malkapuram SBIN0001738

Location	Visakhapatnam, Vishakapatnam
City	Visakhapatnam
District	Vishakapatnam
State	Andhra Pradesh
Pincode	530011
Country	IN
Address	Malkapuram, visakhapatnam, andhra pradesh, 530011

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 530002016 for Malkapuram 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 530002016 of State Bank Of India, Malkapuram branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Malkapuram branch, makes the characters readable even if there are other marks and stamps on it.

A total of 49 branches of State Bank Of India are available with micr code -

>>A U Engg College Campus >>Adb Visakhapatnam >>Airport Visakhapatnam >>Andhra University Campus >>Baji Junction Visakahapatnam >>Bhpv >>Central Equipment Repair Complex Vsp >>Centralised Clearing Processing Cell Visakhapatnam >>Dwaraka Nagar >>Gopalapatnam >>Gurudwara Junction >>Hindustan Shipyard Visakhapatnam >>Hpcl Refinery Vizag >>Industrial Estate Visakhapatnam >>Kailasapuram >>Kancharapalem >>Kasimkota >>Kirlampudi Layout Visakhapatnam >>Koduru >>Madhurawada >>Maharanipeta >>Malkapuram >>N.A.D. Kotha Road >>Naval Base >>Naval Dockyard Visakhapatnam >>Pbb Mvp Colony Visakhaptnam >>Pbb Waltair Visakhapatnam >>Pedagantyada >>Racpc Visakhapatnam >>Seethammadhara >>Service Branch Visakhapatnam >>Siripuram Junction Visakhapatnam >>Smeccc Visakhapatnam >>Sriharipuram Vishakapatnam >>Ssi Visakhapatnam >>Steel Plant >>Tallapalem Junction >>Trade Finance Cpc Vizag >>Ukkunagaraam Nh Ii >>Ukkunagaraam Sec 6 >>Venkateswara Mitta >>Vepagunta >>Visakhapatnam >>Visakhapatnam >>Visakhapatnam Port >>Visalakshinagar >>Vishakhapatnam Spl. Eco. Zone Vishakhapatnam >>Waltair >>Zonal Office Visakhapatnam

MICR code for SBI Malkapuram

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 Malkapuram 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. 530002016 is the MICR code of SBI Bank for Malkapuram branch. MICR code for Malkapuram 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 Malkapuram is presented in the table alongside.

Use of State Bank Of India MICR code for Malkapuram branch in visakhapatnam

The MICR code 530002016 is used in RBI cheque clearing process to identify the branch Malkapuram 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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