SBI Mysore Mysore Karnataka MICR CODE

Find MICR Codes for SBI Mysore Mysore Karnataka

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Siddartha Layout Mysore
Contact 0821-2340909
Bank Details State Bank Of India Siddartha Layout Mysore SBIN0016501
Location Mysore, Mysore
City Mysore
District Mysore
State Karnataka
Pincode 570011
Country IN
Address No.193/3, parswa vatika t.narasipura main road, opp: nandini milk dairy, siddarthanagar, dist.;mysore, karnataka-570011 tel-0821-2340909
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 Siddartha Layout Mysore 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, Siddartha Layout Mysore branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Siddartha Layout Mysore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 86 branches of State Bank Of India are available with micr code -

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MICR code for SBI Siddartha Layout Mysore

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 Siddartha Layout Mysore 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 Siddartha Layout Mysore branch. MICR code for Siddartha Layout Mysore 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 Siddartha Layout Mysore is presented in the table alongside.

Use of State Bank Of India MICR code for Siddartha Layout Mysore branch in mysore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Siddartha Layout Mysore 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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