Sbm Bank Hubli Dharwad Dharwad Karnataka MICR CODE

Find MICR Codes for Sbm Bank Hubli Dharwad Dharwad Karnataka

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MICR Code	580006002
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	Hubli
Contact	0836-2367367
Bank Details	State Bank Of Mysore Hubli SBMY0040202

Location	Hubli Dharwad, Dharwad
City	Hubli Dharwad
District	Dharwad
State	Karnataka
Pincode	580020
Country	IN
Address	Usa towers coen rd hubli-580020

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 580006002 for 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 580006002 of State Bank Of Mysore, Hubli branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Hubli branch, makes the characters readable even if there are other marks and stamps on it.

A total of 15 branches of State Bank Of Mysore are available with micr code -

>>Adarsh Nagar >>Attikolla >>Bankapurchowk Hubli >>Belur Indl. Area >>Deshpande Nagar >>Dharwad >>Gokul Road >>High Court Circuit Bench >>Hubli >>Hubli Zone >>Keshavapur >>Navanagar >>Region Ii Hz >>Shirur Park >>Unkal

MICR code for Sbm Bank Hubli

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 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. 580006002 is the MICR code of Sbm Bank for Hubli branch. MICR code for 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 Mysore Hubli is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Hubli branch in hubli dharwad

The MICR code 580006002 is used in RBI cheque clearing process to identify the branch Hubli 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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