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 Mini Vidhana Soudha
Contact 0821-2442171
Bank Details State Bank Of Mysore Mini Vidhana Soudha SBMY0041048
Location Mysore, Mysore
City Mysore
District Mysore
State Karnataka
Pincode 570010
Country IN
Address Room no 14 ground floor taluk office nazarbad mysore 570010
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 0 for Mini Vidhana Soudha 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 0 of State Bank Of Mysore, Mini Vidhana Soudha branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Mini Vidhana Soudha branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Sbm Bank Mini Vidhana Soudha

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 Mini Vidhana Soudha 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. 0 is the MICR code of Sbm Bank for Mini Vidhana Soudha branch. MICR code for Mini Vidhana Soudha 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 Mini Vidhana Soudha is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Mini Vidhana Soudha branch in mysore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mini Vidhana Soudha 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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