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Locate Bank Branches for State Bank Of India Nicobar Andaman And Nicobar

Bank Name: State Bank Of India
Branch: Carnicobar
Business Hours: Monday to Saturday 10 am to 4 pm
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
MICR Code: 744002018
IFSC Code: SBIN0004645
Bank Details: State Bank Of India Carnicobar SBIN0004645
Location: Nicobar, Nicobar
City: Nicobar
District: Nicobar
State: Andaman And Nicobar
Pin Code: 744301
Country: India
Address: Dist nicobar, andaman and nicobar 744301

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.

In manual clearing of cheques, many errors may occur and therefore the whole process is sort of time consuming. The MICR technology accelerates the processing of cheque because it reduces manual efforts of sorting. Thus the 825240102 of State Bank Of India Ltd, Nicobar branch makes the system almost error free and faster. Use of State Bank Of India Ltd MICR codes for Nicobar branch, makes the characters readable whether or not there are other marks and stamps thereon.

State Bank Of India MICR (Magnetic Ink Character Recognition) code may be a code code used for processing and clearance of cheques. State Bank Of India Ltd MICR code for Nicobar may be a 9 digit code, within which first 3 digit represents town code, next 3 digit to bank code and later 3 digit to branch code. 825240102 is that the MICR code of HDFC for Nicobar branch. MICR code for Nicobar branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader then automatically sorted. MICR code for State Bank Of India Ltd Nicobar is presented within the table alongside.

The MICR code 825240102 is employed in RBI cheque clearing process to spot the branch Nicobar and State Bank Of India Ltd bank for clearing processes. The MICR characters, which are printed using ink, are passed before a MICR reader. Initially the ink gets magnetized and when it's read, each character produces a novel waveform which might be easily identified. MICR code of HDFC is often in either of those two font’s: E-138 and CMC-7.

In manual clearing of cheques, there's an opportunity of the many errors and a protracted delay is involved. The characters of MICR code for a State Bank Of India Nicobar branch, sprinted using ink, are passed before a MICR reader. Initially the ink gets magnetized and when it's read, each character produces a singular waveform which may be easily identified. Thus MICR code for State Bank Of India Ltd Nicobar branches accelerates the processing of cheque because it reduces manual effort of sorting. Use of State Bank Of India MICR codes for Nicobar branches, makes the characters readable whether or not there are other marks and stamps thereon. This makes the system almost error proof!