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 Visakhapatnam
Contact Ip-902411/412 Tel-0891-2731838/2453479/2550190/2731840
Bank Details State Bank Of India Visakhapatnam SBIN0000952
Location Visakhapatnam, Vishakapatnam
City Visakhapatnam
District Vishakapatnam
State Andhra Pradesh
Pincode 530002
Country IN
Address Rednam gardens, visakhapatnam , andhra pradesh 530002
MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Visakhapatnam
Contact 2573392
Bank Details State Bank Of India Visakhapatnam SBIN0070499
Location Visakhapatnam, Vishakapatnam
City Visakhapatnam
District Vishakapatnam
State Andhra Pradesh
Pincode 530016
Country IN
Address Dno43 - 9 - 183, akella castle, dondaparthy road, near sreekanya theatre, 530016
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 530002002 for Visakhapatnam 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 530002002 of State Bank Of India, Visakhapatnam branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Visakhapatnam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Visakhapatnam

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 Visakhapatnam 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. 530002002 is the MICR code of SBI Bank for Visakhapatnam branch. MICR code for Visakhapatnam 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 Visakhapatnam is presented in the table alongside.

Use of State Bank Of India MICR code for Visakhapatnam branch in visakhapatnam

The MICR code 530002002 is used in RBI cheque clearing process to identify the branch Visakhapatnam 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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