SBI Bagalkot Bagalkot Karnataka MICR CODE

Find MICR Codes for SBI Bagalkot Bagalkot Karnataka

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State
District
City
Branch
Address

MICR Code	-NA-
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Lokapur
Contact	9483535101
Bank Details	State Bank Of India Lokapur SBIN0017866

Location	Bagalkot, Bagalkot
City	Bagalkot
District	Bagalkot
State	Karnataka
Pincode	587122
Country	IN
Address	No. 1404, kadarakoppa road, lokapur, distt.bagalkot. Karnataka-587122

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

A total of 16 branches of State Bank Of India are available with micr code -

>>Bagalkot >>Bagalkot >>Bagalkot >>Bldea Campus Jamkhandi >>District Sales Hub Bagalkot >>Guledagudda >>Jalihal >>Kundargi >>Lokapur >>Mantur >>Mini Racpc Bagalkot >>Mudhol >>Nandawadgi >>R And Db Retail Asset Credit Centrenavanagar Bagalkot >>Retail Asset Credit Centremudhol >>Terdal

MICR code for SBI Lokapur

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

Use of State Bank Of India MICR code for Lokapur branch in bagalkot

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