Let Others Know
×
LinkedIn
Email
WhatsApp

SBI Anand Anand Gujarat MICR CODE

Find MICR Codes for SBI Anand Anand Gujarat

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vithal Udyog Nagar
Contact 02692-230242 Ip - 153516 Ip - 153517
Bank Details State Bank Of India Vithal Udyog Nagar SBIN0003119
Location Anand, Anand
City Anand
District Anand
State Gujarat
Pincode 388121
Country IN
Address Anand sojitra road anand 388121
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 388002002 for Vithal Udyog Nagar 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 388002002 of State Bank Of India, Vithal Udyog Nagar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Vithal Udyog Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Vithal Udyog Nagar

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 Vithal Udyog Nagar 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. 388002002 is the MICR code of SBI Bank for Vithal Udyog Nagar branch. MICR code for Vithal Udyog Nagar 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 Vithal Udyog Nagar is presented in the table alongside.

Use of State Bank Of India MICR code for Vithal Udyog Nagar branch in anand

The MICR code 388002002 is used in RBI cheque clearing process to identify the branch Vithal Udyog Nagar 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.