Sbm Bank Hangal Haveri Karnataka MICR CODE

Find MICR Codes for Sbm Bank Hangal Haveri Karnataka

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MICR Code	581006532
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	Hanagal
Contact	08379-262123
Bank Details	State Bank Of Mysore Hanagal SBMY0040841

Location	Hangal, Haveri
City	Hangal
District	Haveri
State	Karnataka
Pincode	581104
Country	IN
Address	Gowramma maharajpet building,(old sbi building), near new bus stand,chidambarnagar,hangal – 581104 haveri (dist.)

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 581006532 for Hanagal 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 581006532 of State Bank Of Mysore, Hanagal branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Hanagal 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 -

>>Hanagal

MICR code for Sbm Bank Hanagal

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 Hanagal 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. 581006532 is the MICR code of Sbm Bank for Hanagal branch. MICR code for Hanagal 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 Hanagal is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Hanagal branch in hangal

The MICR code 581006532 is used in RBI cheque clearing process to identify the branch Hanagal 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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