SBI Aurangabd Aurangabd Maharashtra MICR CODE

Find MICR Codes for SBI Aurangabd Aurangabd Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Waluj
Contact
Bank Details	State Bank Of India Waluj SBIN0061566

Location	Aurangabd, Aurangabd
City	Aurangabd
District	Aurangabd
State	Maharashtra
Pincode	431136
Country	IN
Address	Midc area waluj block,more chowk,tal.gangapur,district aurangabad-431136

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 0 for Waluj 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 0 of State Bank Of India, Waluj branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Waluj 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 -

>>Cac Shahgunj >>Waluj

MICR code for SBI Waluj

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 Waluj 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. 0 is the MICR code of SBI Bank for Waluj branch. MICR code for Waluj 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 Waluj is presented in the table alongside.

Use of State Bank Of India MICR code for Waluj branch in aurangabd

The MICR code 0 is used in RBI cheque clearing process to identify the branch Waluj 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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