SBI Belgaum Belgaum Karnataka MICR CODE

Find MICR Codes for SBI Belgaum Belgaum Karnataka

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Channammanagar
Contact 0831-2405027
Bank Details State Bank Of India Channammanagar SBIN0007862
Location Belgaum, Belgaum
City Belgaum
District Belgaum
State Karnataka
Pincode 590006
Country IN
Address 236, iind stage, rani channama nagar, tilakwadi, belgaum, karnataka
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 590002007 for Channammanagar 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 590002007 of State Bank Of India, Channammanagar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Channammanagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Channammanagar

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 Channammanagar 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. 590002007 is the MICR code of SBI Bank for Channammanagar branch. MICR code for Channammanagar 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 Channammanagar is presented in the table alongside.

Use of State Bank Of India MICR code for Channammanagar branch in belgaum

The MICR code 590002007 is used in RBI cheque clearing process to identify the branch Channammanagar 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.

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