Sbm Bank Bantval Dakshin Kannad Karnataka MICR CODE

Find MICR Codes for Sbm Bank Bantval Dakshin Kannad Karnataka

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MICR Code	575006017
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	Melkar
Contact	9449610250
Bank Details	State Bank Of Mysore Melkar SBMY0041021

Location	Bantval, Dakshin Kannad
City	Bantval
District	Dakshin Kannad
State	Karnataka
Pincode	574321
Country	IN
Address	Ganga pushpa arcade melkar pane mangalore post bantwal taluk 574321

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 575006017 for Melkar 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 575006017 of State Bank Of Mysore, Melkar branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Melkar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of State Bank Of Mysore are available with micr code -

>>Melkar >>Vittal

MICR code for Sbm Bank Melkar

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 Melkar 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. 575006017 is the MICR code of Sbm Bank for Melkar branch. MICR code for Melkar 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 Melkar is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Melkar branch in bantval

The MICR code 575006017 is used in RBI cheque clearing process to identify the branch Melkar 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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