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SBI Bhimavaram West Godavari Andhra Pradesh MICR CODE

Find MICR Codes for SBI Bhimavaram West Godavari Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	534002050
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	Wednesday Market
Contact	08816-233525 08816-232346 (Fax) Ip - 990597
Bank Details	State Bank Of India Wednesday Market SBIN0006556

Location	Bhimavaram, West Godavari
City	Bhimavaram
District	West Godavari
State	Andhra Pradesh
Pincode	534201
Country	IN
Address	D no.16-17-17,surinidivar street, bhimavaram, west godavari, a.p., pin-534201

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 534002050 for Wednesday Market 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 534002050 of State Bank Of India, Wednesday Market branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Wednesday Market branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of State Bank Of India are available with micr code -

>>Adb Bhimavaram >>Bhimavaram >>Gunupudi >>Housing Board Colony Bhimavaram >>Rcpc Bhimavaram >>Wednesday Market

MICR code for SBI Wednesday Market

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 Wednesday Market 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. 534002050 is the MICR code of SBI Bank for Wednesday Market branch. MICR code for Wednesday Market 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 Wednesday Market is presented in the table alongside.

Use of State Bank Of India MICR code for Wednesday Market branch in bhimavaram

The MICR code 534002050 is used in RBI cheque clearing process to identify the branch Wednesday Market 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.