SBI Kolar Sidlaghatta Karnataka MICR CODE

Find MICR Codes for SBI Kolar Sidlaghatta 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 Sidlaghatta
Contact 256266
Bank Details State Bank Of India Sidlaghatta SBIN0040090
Location Kolar, Sidlaghatta
City Kolar
District Sidlaghatta
State Karnataka
Pincode 562105
Country IN
Address Sidlaghatta,kolar,karnataka, 562 105
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 Sidlaghatta 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, Sidlaghatta branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Sidlaghatta 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 -

>>Sidlaghatta

MICR code for SBI Sidlaghatta

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

Use of State Bank Of India MICR code for Sidlaghatta branch in kolar

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