SBI Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for SBI Bangalore Bangalore Urban Karnataka

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MICR Code	560002038
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	Race Course Road
Contact	080-22203287, ip-850641
Bank Details	State Bank Of India Race Course Road SBIN0006198

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560001
Country	IN
Address	Trade.centre, 294, race.course.road, bangalore, karnataka, pin.560001.

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 560002038 for Race Course Road 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 560002038 of State Bank Of India, Race Course Road branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Race Course Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 186 branches of State Bank Of India are available with micr code -

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MICR code for SBI Race Course Road

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 Race Course Road 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. 560002038 is the MICR code of SBI Bank for Race Course Road branch. MICR code for Race Course Road 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 Race Course Road is presented in the table alongside.

Use of State Bank Of India MICR code for Race Course Road branch in bangalore

The MICR code 560002038 is used in RBI cheque clearing process to identify the branch Race Course Road 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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