SBI Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for SBI Nashik Nashik Maharashtra

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nashik Road
Contact 103536, 0253-2450058, 2465735
Bank Details State Bank Of India Nashik Road SBIN0001247
Location Nashik, Nashik
City Nashik
District Nashik
State Maharashtra
Pincode 422101
Country IN
Address Lal bahadur sastri marg distt nasik maharashtra 422101
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 422002008 for Nashik Road 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 422002008 of State Bank Of India, Nashik Road branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Nashik Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Nashik Road

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 Nashik Road 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. 422002008 is the MICR code of SBI Bank for Nashik Road branch. MICR code for Nashik Road 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 Nashik Road is presented in the table alongside.

Use of State Bank Of India MICR code for Nashik Road branch in nashik

The MICR code 422002008 is used in RBI cheque clearing process to identify the branch Nashik Road 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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