Let Others Know
×
LinkedIn
Email
WhatsApp

SBI Kakinada East Godavari Andhra Pradesh MICR CODE

Find MICR Codes for SBI Kakinada East Godavari Andhra Pradesh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sriram Nagar Kakinada
Contact 0884-2376272 0884-2359738 Ip-902546
Bank Details State Bank Of India Sriram Nagar Kakinada SBIN0008028
Location Kakinada, East Godavari
City Kakinada
District East Godavari
State Andhra Pradesh
Pincode 533003
Country IN
Address Bhanu.gudi.jaunction., kakinada, pin.533003
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 533002007 for Sriram Nagar Kakinada 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 533002007 of State Bank Of India, Sriram Nagar Kakinada branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Sriram Nagar Kakinada branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Sriram Nagar Kakinada

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 Sriram Nagar Kakinada 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. 533002007 is the MICR code of SBI Bank for Sriram Nagar Kakinada branch. MICR code for Sriram Nagar Kakinada 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 Sriram Nagar Kakinada is presented in the table alongside.

Use of State Bank Of India MICR code for Sriram Nagar Kakinada branch in kakinada

The MICR code 533002007 is used in RBI cheque clearing process to identify the branch Sriram Nagar Kakinada 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.