Sbm Bank Mysore Mysore Karnataka MICR CODE

Find MICR Codes for Sbm Bank Mysore Mysore 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 Jayalakshmipuram
Contact 0821-511462
Bank Details State Bank Of Mysore Jayalakshmipuram SBMY0040384
Location Mysore, Mysore
City Mysore
District Mysore
State Karnataka
Pincode 570012
Country IN
Address 3rd block mysore 570 012
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 570006008 for Jayalakshmipuram 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 570006008 of State Bank Of Mysore, Jayalakshmipuram branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Jayalakshmipuram branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Sbm Bank Jayalakshmipuram

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 Jayalakshmipuram 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. 570006008 is the MICR code of Sbm Bank for Jayalakshmipuram branch. MICR code for Jayalakshmipuram 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 Jayalakshmipuram is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Jayalakshmipuram branch in mysore

The MICR code 570006008 is used in RBI cheque clearing process to identify the branch Jayalakshmipuram 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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