Sbm Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Sbm Bank Mumbai Greater Bombay Maharashtra

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MICR Code	400006003
Bank	State Bank Of Mysore
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chembur
Contact	022-25210834
Bank Details	State Bank Of Mysore Chembur SBMY0040245

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400071
Country	IN
Address	Bala bhavan central avenue rd chembur mumbai-400071

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 400006003 for Chembur 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 400006003 of State Bank Of Mysore, Chembur branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Chembur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 16 branches of State Bank Of Mysore are available with micr code -

>>Andheri (East) >>Borivli(West) >>Chembur >>Dalal Street >>Foregn Department >>Foregn Department >>Foregn Department >>Integrated Domestic Treasury >>Khar >>Lokhandwala Complex >>Mahim >>Malad >>Matunga >>Mulund >>Mumbai Main >>Service Branch Mumbai

MICR code for Sbm Bank Chembur

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 Chembur 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. 400006003 is the MICR code of Sbm Bank for Chembur branch. MICR code for Chembur 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 Chembur is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Chembur branch in mumbai

The MICR code 400006003 is used in RBI cheque clearing process to identify the branch Chembur 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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