SBI Udupi Udupi Karnataka MICR CODE

Find MICR Codes for SBI Udupi Udupi Karnataka

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MICR Code	576002004
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	Malpe
Contact	0820-2537832,Ip-990630
Bank Details	State Bank Of India Malpe SBIN0008032

Location	Udupi, Udupi
City	Udupi
District	Udupi
State	Karnataka
Pincode	576118
Country	IN
Address	Samrat building, main road, malpe,dakshina kannada, karnataka, 576118

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 576002004 for Malpe 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 576002004 of State Bank Of India, Malpe branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Malpe branch, makes the characters readable even if there are other marks and stamps on it.

A total of 17 branches of State Bank Of India are available with micr code -

>>Brahmavara Udupi >>Cac Udupi >>Karkala >>Kaup >>Kunjibettu Udupi >>Malpe >>Nri Branch Udupi >>Padubidri >>Parkala >>R And Db Retail Asset Credit Centre Udupi >>Rbo Udupi >>Santhekatte >>Sbiintouch Udupi >>Treasury Branch Udupi >>Udupi >>Udupi >>Udupi City

MICR code for SBI Malpe

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 Malpe 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. 576002004 is the MICR code of SBI Bank for Malpe branch. MICR code for Malpe 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 Malpe is presented in the table alongside.

Use of State Bank Of India MICR code for Malpe branch in udupi

The MICR code 576002004 is used in RBI cheque clearing process to identify the branch Malpe 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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