Let Others Know

SBI Mandvi Nanded Maharashtra MICR CODE

Find MICR Codes for SBI Mandvi Nanded Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	431002733
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	Mandvi
Contact	02460- 266243
Bank Details	State Bank Of India Mandvi SBIN0006437

Location	Mandvi, Nanded
City	Mandvi
District	Nanded
State	Maharashtra
Pincode	431805
Country	IN
Address	At & post mandvi,taluka kinwat,dist:nanded, maharashtra

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 431002733 for Mandvi 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 431002733 of State Bank Of India, Mandvi branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Mandvi 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 -

>>Mandvi

MICR code for SBI Mandvi

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 Mandvi 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. 431002733 is the MICR code of SBI Bank for Mandvi branch. MICR code for Mandvi 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 Mandvi is presented in the table alongside.

Use of State Bank Of India MICR code for Mandvi branch in mandvi

The MICR code 431002733 is used in RBI cheque clearing process to identify the branch Mandvi 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.