SBI Hubli Dharwad Karnataka MICR CODE

Find MICR Codes for SBI Hubli Dharwad 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 Vidyanagar Hubli
Contact Ip:854411,0836-2376533,2376522,2376222
Bank Details State Bank Of India Vidyanagar Hubli SBIN0009297
Location Hubli, Dharwad
City Hubli
District Dharwad
State Karnataka
Pincode 580021
Country IN
Address Mahila vidyapeeth complex, vidyanagar, distt. Dharwar, karnataka 580021
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 580002009 for Vidyanagar Hubli 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 580002009 of State Bank Of India, Vidyanagar Hubli branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Vidyanagar Hubli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Vidyanagar Hubli

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 Vidyanagar Hubli 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. 580002009 is the MICR code of SBI Bank for Vidyanagar Hubli branch. MICR code for Vidyanagar Hubli 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 Vidyanagar Hubli is presented in the table alongside.

Use of State Bank Of India MICR code for Vidyanagar Hubli branch in hubli

The MICR code 580002009 is used in RBI cheque clearing process to identify the branch Vidyanagar Hubli 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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