Sbm Bank Madavara Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Sbm Bank Madavara Bangalore Urban 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 Madhavara
Contact 080-3715255
Bank Details State Bank Of Mysore Madhavara SBMY0040239
Location Madavara, Bangalore Urban
City Madavara
District Bangalore Urban
State Karnataka
Pincode 562123
Country IN
Address Madavara-562123
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 560006109 for Madhavara 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 560006109 of State Bank Of Mysore, Madhavara branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Madhavara 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 -

>>Madhavara

MICR code for Sbm Bank Madhavara

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 Madhavara 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. 560006109 is the MICR code of Sbm Bank for Madhavara branch. MICR code for Madhavara 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 Madhavara is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Madhavara branch in madavara

The MICR code 560006109 is used in RBI cheque clearing process to identify the branch Madhavara 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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