Sbm Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Sbm Bank Mumbai Greater Bombay Maharashtra

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MICR Code
Bank State Bank Of Mysore
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lokhandwala Complex
Contact 022-26733199
Bank Details State Bank Of Mysore Lokhandwala Complex SBMY0040581
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400053
Country IN
Address B-12, utw bldg,veera ind. Estate, off link road, andheri (w), mumbai-400 053
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 400006011 for Lokhandwala Complex 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 400006011 of State Bank Of Mysore, Lokhandwala Complex branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Lokhandwala Complex branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Sbm Bank Lokhandwala Complex

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 Lokhandwala Complex 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. 400006011 is the MICR code of Sbm Bank for Lokhandwala Complex branch. MICR code for Lokhandwala Complex 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 Lokhandwala Complex is presented in the table alongside.

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

The MICR code 400006011 is used in RBI cheque clearing process to identify the branch Lokhandwala Complex 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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