SBI Pondicherry Pondicherry Pondicherry MICR CODE

Find MICR Codes for SBI Pondicherry Pondicherry Pondicherry

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palloor
Contact 9249416678
Bank Details State Bank Of India Palloor SBIN0018622
Location Pondicherry, Pondicherry
City Pondicherry
District Pondicherry
State Pondicherry
Pincode 607102
Country IN
Address Kms complex, oppvn purushothaman ghss, palloor, naluthara po, distt.pondichery. Pondichery-673310
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 Palloor 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, Palloor branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Palloor branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Palloor

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

Use of State Bank Of India MICR code for Palloor branch in pondicherry

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