Sbm Bank Nellore Nellore Andhra Pradesh MICR CODE

Find MICR Codes for Sbm Bank Nellore Nellore Andhra Pradesh

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MICR Code
Bank State Bank Of Mysore
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vedayapalem Nellore
Contact V Venkatadri Cm General Banking, Contact. No- 9000232463
Bank Details State Bank Of Mysore Vedayapalem Nellore SBMY0040957
Location Nellore, Nellore
City Nellore
District Nellore
State Andhra Pradesh
Pincode 524001
Country IN
Address K v k towers no 15-292 a brindavan bank street nellore 524001
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.

Search Sbm Bank MICR Codes in nellore

You can search through MICR Codes of Andhra Pradesh branches in nellore of District nellore in Andhra Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of State Bank Of Mysore are available with micr code -

>>Vedayapalem Nellore

How to find MICR codes for Sbm Bank in nellore?

Sbm Bank nellore MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From State Bank Of Mysore MICR codes list for nellore, one can further search by branch name specified in the table. You can find MICR codes for all Sbm Bank nellore branches.

State Bank Of Mysore MICR code in nellore

Sbm Bank MICR code is a character recognition technology used by banks in the processing of cheques. State Bank Of Mysore MICR code for nellore branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Sbm Bank branches in nellore, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Sbm Bank MICR code for nellore branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Sbm Bank nellore branch, sprinted 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. Thus MICR code for State Bank Of Mysore nellore branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Sbm Bank MICR codes for nellore branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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