Sbm Bank Shimoga Shimoga Karnataka MICR CODE

Find MICR Codes for Sbm Bank Shimoga Shimoga Karnataka

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State
District
City
Branch
Address

MICR Code	-NA-
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	Papertown
Contact	0818-670342
Bank Details	State Bank Of Mysore Papertown SBMY0040241

Location	Shimoga, Shimoga
City	Shimoga
District	Shimoga
State	Karnataka
Pincode	577302
Country	IN
Address	Bhadravathi 577 302

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

A total of 21 branches of State Bank Of Mysore are available with micr code -

>>Anandapuram >>Anupinakatte >>Apmc Yard >>Bazaar Shimoga >>Gopalagowda Extn >>Harige >>Hosamane Extension >>Jog Falls >>Krishna Café >>O T Area Bhadravathi >>Papertown >>Pearlite Indl Estate >>Pesitm Campus Shimoga >>Ravindranagar Extn >>Region I Hz >>Shikaripur >>Shimoga Main >>Vidyanagar Shimoga >>Vidyanagar Shimoga >>Vidyanagar Shimoga >>Vinobanagara

MICR code for Sbm Bank Papertown

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 Papertown 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 Papertown branch. MICR code for Papertown 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 Papertown is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Papertown branch in shimoga

The MICR code 0 is used in RBI cheque clearing process to identify the branch Papertown 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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