SBI Nileshwar Kasaragod Kerala MICR CODE

Find MICR Codes for SBI Nileshwar Kasaragod 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 Nileswar
Contact 2283230
Bank Details State Bank Of India Nileswar SBIN0070675
Location Nileshwar, Kasaragod
City Nileshwar
District Kasaragod
State Kerala
Pincode 671314
Country IN
Address Pb no7 door no ix769 - f, vyaparabhavan, mainbazar, nileswarpo 671314
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 Nileswar 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, Nileswar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Nileswar 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 -

>>Nileswar

MICR code for SBI Nileswar

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

Use of State Bank Of India MICR code for Nileswar branch in nileshwar

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