Sbm Bank Maddur Mandya Karnataka MICR CODE

Find MICR Codes for Sbm Bank Maddur Mandya Karnataka

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MICR Code	571006404
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	Leelavathi Exstn Branch
Contact	9731203633
Bank Details	State Bank Of Mysore Leelavathi Exstn Branch SBMY0041015

Location	Maddur, Mandya
City	Maddur
District	Mandya
State	Karnataka
Pincode	571428
Country	IN
Address	No 13/13 2nd cross old mc road leelavathi extension maddur 571428

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 571006404 for Leelavathi Exstn Branch 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 571006404 of State Bank Of Mysore, Leelavathi Exstn Branch branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Leelavathi Exstn Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of State Bank Of Mysore are available with micr code -

>>Kolli Circle Maddur >>Leelavathi Exstn Branch >>Maddur

MICR code for Sbm Bank Leelavathi Exstn Branch

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 Leelavathi Exstn Branch 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. 571006404 is the MICR code of Sbm Bank for Leelavathi Exstn Branch branch. MICR code for Leelavathi Exstn Branch 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 Leelavathi Exstn Branch is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Leelavathi Exstn Branch branch in maddur

The MICR code 571006404 is used in RBI cheque clearing process to identify the branch Leelavathi Exstn Branch 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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