Sbm Bank Annigeri Dharwad Karnataka MICR CODE

Find MICR Codes for Sbm Bank Annigeri Dharwad Karnataka

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MICR Code
Bank State Bank Of Mysore
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Annigeri
Contact 9448874155
Bank Details State Bank Of Mysore Annigeri SBMY0040974
Location Annigeri, Dharwad
City Annigeri
District Dharwad
State Karnataka
Pincode 582201
Country IN
Address Cts no. 48/c, plot no 36, near busstand, annigeri, dharwad district pin - 582201
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 582006507 for Annigeri 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 582006507 of State Bank Of Mysore, Annigeri branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Annigeri branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of Mysore are available with micr code -

>>Annigeri

MICR code for Sbm Bank Annigeri

Sbm Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of Mysore MICR code for Annigeri 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. 582006507 is the MICR code of Sbm Bank for Annigeri branch. MICR code for Annigeri 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 Mysore Annigeri is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Annigeri branch in annigeri

The MICR code 582006507 is used in RBI cheque clearing process to identify the branch Annigeri and State Bank Of Mysore 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 Sbm Bank is typically in either of these two font’s: E-138 and CMC-7.

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