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 Visalakshinagar
Contact 0891-2789610/2799472
Bank Details State Bank Of India Visalakshinagar SBIN0010602
Location Visakhapatnam, Vishakapatnam
City Visakhapatnam
District Vishakapatnam
State Andhra Pradesh
Pincode 530040
Country IN
Address D no 10 385, vijaya jyothi arcade,visalakshinagar, visakhapatnam 530040
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 530002041 for Visalakshinagar 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 530002041 of State Bank Of India, Visalakshinagar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Visalakshinagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Visalakshinagar

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 Visalakshinagar 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. 530002041 is the MICR code of SBI Bank for Visalakshinagar branch. MICR code for Visalakshinagar 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 Visalakshinagar is presented in the table alongside.

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

The MICR code 530002041 is used in RBI cheque clearing process to identify the branch Visalakshinagar 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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