SBI Palakkad Palakkad Kerala MICR CODE

Find MICR Codes for SBI Palakkad Palakkad Kerala

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MICR Code	678002008
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	Olavakkot
Contact	0491-2555268 Ip-952486
Bank Details	State Bank Of India Olavakkot SBIN0002245

Location	Palakkad, Palakkad
City	Palakkad
District	Palakkad
State	Kerala
Pincode	678009
Country	IN
Address	Ma farm 10 by 708, p.b.no.1, palakkad, kerala, pin - 678009

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 678002008 for Olavakkot 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 678002008 of State Bank Of India, Olavakkot branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Olavakkot branch, makes the characters readable even if there are other marks and stamps on it.

A total of 36 branches of State Bank Of India are available with micr code -

>>Cac Palakkad >>Civil Station Palakkad >>Elappully >>Gold Point Palghat >>Instrumentation Ltd Palakkad >>Kalladikode >>Kollengode >>Koottanad >>Kudallur >>Malampuzha Road >>Marutharode >>Meenakshipuram >>Mercy College Palakkad >>Nri Branch Palakkad >>Olavakkot >>Olavakode >>Ozhalapathy >>Palakkad >>Palakkad >>Palakkad Adb >>Pathiripala >>Psbpalakkad >>Puthurpalakkad >>Racc Palakkad >>Rasmecc Palakkad >>Rasmeccc Shoranur >>Rbo Palakkad >>Rbo Shoranur >>Rcpc Palakkad >>Sbiintouch Palakkad >>Sekharipuram >>Sme Branch Palakkad >>Sultanpet Palakkad >>Vadakkanthara Kalpathy >>Vadavannur >>Victoria College (Palakkad)

MICR code for SBI Olavakkot

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 Olavakkot 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. 678002008 is the MICR code of SBI Bank for Olavakkot branch. MICR code for Olavakkot 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 Olavakkot is presented in the table alongside.

Use of State Bank Of India MICR code for Olavakkot branch in palakkad

The MICR code 678002008 is used in RBI cheque clearing process to identify the branch Olavakkot 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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