SBI Hubli Dharwad Karnataka MICR CODE

Find MICR Codes for SBI Hubli Dharwad 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 Commercial Hubli
Contact 0836-2263612,0836-2263613,Ip-854301,Ip-854302
Bank Details State Bank Of India Commercial Hubli SBIN0004091
Location Hubli, Dharwad
City Hubli
District Dharwad
State Karnataka
Pincode 550020
Country IN
Address Anjuman commercial complex, station road, hubli, dharwar, pin 550020
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 580002010 for Commercial Hubli 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 580002010 of State Bank Of India, Commercial Hubli branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Commercial Hubli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Commercial Hubli

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 Commercial Hubli 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. 580002010 is the MICR code of SBI Bank for Commercial Hubli branch. MICR code for Commercial Hubli 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 Commercial Hubli is presented in the table alongside.

Use of State Bank Of India MICR code for Commercial Hubli branch in hubli

The MICR code 580002010 is used in RBI cheque clearing process to identify the branch Commercial Hubli 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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