SBI Dharmavaram Anantapur Andhra Pradesh MICR CODE

Find MICR Codes for SBI Dharmavaram Anantapur Andhra Pradesh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Town Branch Dharmavaram
Contact 08559-223366, 223000
Bank Details State Bank Of India Town Branch Dharmavaram SBIN0012737
Location Dharmavaram, Anantapur
City Dharmavaram
District Anantapur
State Andhra Pradesh
Pincode 515671
Country IN
Address 10 by 175,kpt street,dharmavaram,anantapur district ap515671
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 515002041 for Town Branch Dharmavaram 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 515002041 of State Bank Of India, Town Branch Dharmavaram branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Town Branch Dharmavaram branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of State Bank Of India are available with micr code -

>>Silk Branch Dharmavaram >>Town Branch Dharmavaram

MICR code for SBI Town Branch Dharmavaram

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 Town Branch Dharmavaram 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. 515002041 is the MICR code of SBI Bank for Town Branch Dharmavaram branch. MICR code for Town Branch Dharmavaram 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 Town Branch Dharmavaram is presented in the table alongside.

Use of State Bank Of India MICR code for Town Branch Dharmavaram branch in dharmavaram

The MICR code 515002041 is used in RBI cheque clearing process to identify the branch Town Branch Dharmavaram 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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