Central Bank Shimoga Shimoga Karnataka MICR CODE

Find MICR Codes for Central Bank Shimoga Shimoga Karnataka

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MICR Code	577016202
Bank	Central Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shimoga
Contact	Branch Manager / 08182-226220, 224 /
Bank Details	Central Bank Of India Shimoga CBIN0283553

Location	Shimoga, Shimoga
City	Shimoga
District	Shimoga
State	Karnataka
Pincode	577201
Country	IN
Address	Nelli krupa complex, park extension, tilaknagar, ward no-5, shimoga-577201

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 577016202 for Shimoga 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 577016202 of Central Bank Of India, Shimoga branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Shimoga branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Central Bank Of India are available with micr code -

>>Shimoga

MICR code for Central Bank Shimoga

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Shimoga 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. 577016202 is the MICR code of Central Bank India for Shimoga branch. MICR code for Shimoga 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 Central Bank Of India Shimoga is presented in the table alongside.

Use of Central Bank Of India MICR code for Shimoga branch in shimoga

The MICR code 577016202 is used in RBI cheque clearing process to identify the branch Shimoga and Central 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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