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State Bank Of Hyderabad Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for State Bank Of Hyderabad Mumbai Greater Bombay Maharashtra

MICR Code
Bank State Bank Of Hyderabad
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai
Contact Ms. Venkata Ramana, Chief Manager
Bank Details State Bank Of Hyderabad Mumbai SBHY0020001
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400071
Country IN
Address No. 11, mittal towers, nariman point, mumbai
MICR Code
Bank State Bank Of Hyderabad
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai
Contact Mr V K Panjiara, Ph# 022-2666 1124, 26660705
Bank Details State Bank Of Hyderabad Mumbai SBHY0020002
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400029
Country IN
Address Golden arrow apartments, kurla kalina road, kalina, mumbai - 400 029
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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 400004002 for Mumbai 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 400004002 of SBHYD Bank, Mumbai branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 26 branches of State Bank Of Hyderabad are available with micr code -

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MICR code for State Bank Of Hyderabad Mumbai

State Bank Of Hyderabad MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SBHYD Bank MICR code for Mumbai 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. 400004002 is the MICR code of State Bank Of Hyderabad for Mumbai branch. MICR code for Mumbai 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 SBHYD Bank Mumbai is presented in the table alongside.

Use of SBHYD Bank MICR code for Mumbai branch in mumbai

The MICR code 400004002 is used in RBI cheque clearing process to identify the branch Mumbai and SBHYD Bank 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 State Bank Of Hyderabad is typically in either of these two font’s: E-138 and CMC-7.