SBI Bellary Bellary Karnataka MICR CODE

Find MICR Codes for SBI Bellary Bellary 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 Industrial Finance Branch Bellary
Contact 245005
Bank Details State Bank Of India Industrial Finance Branch Bellary SBIN0040722
Location Bellary, Bellary
City Bellary
District Bellary
State Karnataka
Pincode 583101
Country IN
Address Sudha circle bellary 583104
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 0 for Industrial Finance Branch Bellary 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 0 of State Bank Of India, Industrial Finance Branch Bellary branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Industrial Finance Branch Bellary branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Industrial Finance Branch Bellary

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 Industrial Finance Branch Bellary 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. 0 is the MICR code of SBI Bank for Industrial Finance Branch Bellary branch. MICR code for Industrial Finance Branch Bellary 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 Industrial Finance Branch Bellary is presented in the table alongside.

Use of State Bank Of India MICR code for Industrial Finance Branch Bellary branch in bellary

The MICR code 0 is used in RBI cheque clearing process to identify the branch Industrial Finance Branch Bellary 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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