SBI Visakhapatnam Vishakapatnam Andhra Pradesh MICR CODE

Find MICR Codes for SBI Visakhapatnam Vishakapatnam Andhra Pradesh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pbb Mvp Colony Visakhaptnam
Contact 0891-2783409 0891-2783409(Fax) ip 902201
Bank Details State Bank Of India Pbb Mvp Colony Visakhaptnam SBIN0004158
Location Visakhapatnam, Vishakapatnam
City Visakhapatnam
District Vishakapatnam
State Andhra Pradesh
Pincode 530017
Country IN
Address 1st floor, shiva s castle,mig 165, sect-viii, mvp colony, a.p 530017
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 530002030 for Pbb Mvp Colony Visakhaptnam 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 530002030 of State Bank Of India, Pbb Mvp Colony Visakhaptnam branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Pbb Mvp Colony Visakhaptnam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Pbb Mvp Colony Visakhaptnam

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 Pbb Mvp Colony Visakhaptnam 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. 530002030 is the MICR code of SBI Bank for Pbb Mvp Colony Visakhaptnam branch. MICR code for Pbb Mvp Colony Visakhaptnam 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 Pbb Mvp Colony Visakhaptnam is presented in the table alongside.

Use of State Bank Of India MICR code for Pbb Mvp Colony Visakhaptnam branch in visakhapatnam

The MICR code 530002030 is used in RBI cheque clearing process to identify the branch Pbb Mvp Colony Visakhaptnam 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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