SBI Karunagapally Kollam Kerala MICR CODE

Find MICR Codes for SBI Karunagapally Kollam Kerala

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Karunagapally
Contact 2620228
Bank Details State Bank Of India Karunagapally SBIN0070056
Location Karunagapally, Kollam
City Karunagapally
District Kollam
State Kerala
Pincode 690518
Country IN
Address Pbno1, karunagappally po, 690518
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 Karunagapally 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, Karunagapally branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Karunagapally branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of State Bank Of India are available with micr code -

>>Karunagapally >>Psbkarunagapally

MICR code for SBI Karunagapally

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 Karunagapally 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 Karunagapally branch. MICR code for Karunagapally 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 Karunagapally is presented in the table alongside.

Use of State Bank Of India MICR code for Karunagapally branch in karunagapally

The MICR code 0 is used in RBI cheque clearing process to identify the branch Karunagapally 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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