Sbm Bank Belur Hassan Karnataka MICR CODE

Find MICR Codes for Sbm Bank Belur Hassan 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 Nehru Nagar Belur
Contact
Bank Details State Bank Of Mysore Nehru Nagar Belur SBMY0041019
Location Belur, Hassan
City Belur
District Hassan
State Karnataka
Pincode 573115
Country IN
Address Nehru nagar hassan cikkamagalur main road belur taluk hassan dist
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 Nehru Nagar Belur 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, Nehru Nagar Belur branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Nehru Nagar Belur 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 -

>>Belur >>Nehru Nagar Belur

MICR code for Sbm Bank Nehru Nagar Belur

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 Nehru Nagar Belur 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 Nehru Nagar Belur branch. MICR code for Nehru Nagar Belur 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 Nehru Nagar Belur is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Nehru Nagar Belur branch in belur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nehru Nagar Belur 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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