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SBI Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for SBI Kolhapur Kolhapur Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	416002001
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	Ichalkaranji
Contact	0230-2432250 Ip-105656
Bank Details	State Bank Of India Ichalkaranji SBIN0000384

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416115
Country	IN
Address	Near st stand, ichalkaranji, kolhapur, maharashtra, pin 416115

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 416002001 for Ichalkaranji 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 416002001 of State Bank Of India, Ichalkaranji branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Ichalkaranji branch, makes the characters readable even if there are other marks and stamps on it.

A total of 28 branches of State Bank Of India are available with micr code -

>>Ashta >>Baba Jarag Nagar Kolhapur >>Cac Kolhapur >>Dsh Kolhapur >>Hupari >>Hutatma Park Udyamnagar Kolhapur >>Ichalkaranji >>Kagal >>Kolhapur >>Kolhapur >>Kolhapur >>Kolhapur >>Market Yard Kolhapur >>Midc Gokul Shirgaon >>Pratibha Nagar Kolhapur >>R.A.S.M.E.C.C.C. Kolhapur >>Racc Fimm Kolhapur >>Racc R And Db Kolhapur >>Rajaram Timber Market Kolhapur >>Rankala >>Rbo Fimm Kolhapur >>Rcpc Kolhapur >>Retail Asset Andsmall Enterprise Credit Cell Kolhapur >>Sane Guruji Vasahat Branch >>Sbiintouch Kolhapur >>Sme Kolhapur >>Treasury Branch Kolhapur >>Udyamnagar Indl. Estate Kolhapur

MICR code for SBI Ichalkaranji

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 Ichalkaranji 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. 416002001 is the MICR code of SBI Bank for Ichalkaranji branch. MICR code for Ichalkaranji 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 Ichalkaranji is presented in the table alongside.

Use of State Bank Of India MICR code for Ichalkaranji branch in kolhapur

The MICR code 416002001 is used in RBI cheque clearing process to identify the branch Ichalkaranji 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.