SBI Sillod Aurangabad Maharashtra MICR CODE

Find MICR Codes for SBI Sillod Aurangabad Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	431002518
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	Sillod
Contact	9823330271
Bank Details	State Bank Of India Sillod SBIN0011451

Location	Sillod, Aurangabad
City	Sillod
District	Aurangabad
State	Maharashtra
Pincode	431112
Country	IN
Address	At and po sillod,manraj constructions sillod dist aurangabad 431112

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 431002518 for Sillod 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 431002518 of State Bank Of India, Sillod branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Sillod 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 -

>>Sillod

MICR code for SBI Sillod

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 Sillod 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. 431002518 is the MICR code of SBI Bank for Sillod branch. MICR code for Sillod 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 Sillod is presented in the table alongside.

Use of State Bank Of India MICR code for Sillod branch in sillod

The MICR code 431002518 is used in RBI cheque clearing process to identify the branch Sillod 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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