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SBI Vijayawada Krishna Andhra Pradesh MICR CODE

Find MICR Codes for SBI Vijayawada Krishna Andhra Pradesh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vmc Vijayawada
Contact Ip 930694, 0866-2424281, 2424270
Bank Details State Bank Of India Vmc Vijayawada SBIN0010046
Location Vijayawada, Krishna
City Vijayawada
District Krishna
State Andhra Pradesh
Pincode 520001
Country IN
Address Vijayawada municipal corporation, nehru bldgs., vmc campus, canal road, vijayawada 520001
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 520002023 for Vmc Vijayawada 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 520002023 of State Bank Of India, Vmc Vijayawada branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Vmc Vijayawada branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Vmc Vijayawada

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 Vmc Vijayawada 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. 520002023 is the MICR code of SBI Bank for Vmc Vijayawada branch. MICR code for Vmc Vijayawada 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 Vmc Vijayawada is presented in the table alongside.

Use of State Bank Of India MICR code for Vmc Vijayawada branch in vijayawada

The MICR code 520002023 is used in RBI cheque clearing process to identify the branch Vmc Vijayawada 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.