SBI Lovedale Nilgiris Tamil Nadu MICR CODE

Find MICR Codes for SBI Lovedale Nilgiris Tamil Nadu

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lovedale
Contact 0423-2443994, 2452814 Ip:803511
Bank Details State Bank Of India Lovedale SBIN0003162
Location Lovedale, Nilgiris
City Lovedale
District Nilgiris
State Tamil Nadu
Pincode 643003
Country IN
Address Lawrence school lovedale ootacamund the nilgiris distt tamil nadu 643003
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 643002009 for Lovedale 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 643002009 of State Bank Of India, Lovedale branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Lovedale branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of India are available with micr code -

>>Lovedale

MICR code for SBI Lovedale

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 Lovedale 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. 643002009 is the MICR code of SBI Bank for Lovedale branch. MICR code for Lovedale 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 Lovedale is presented in the table alongside.

Use of State Bank Of India MICR code for Lovedale branch in lovedale

The MICR code 643002009 is used in RBI cheque clearing process to identify the branch Lovedale 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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