Sbm Bank Shimoga Shimoga Karnataka MICR CODE

Find MICR Codes for Sbm Bank Shimoga Shimoga 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 Pesitm Campus Shimoga
Contact 08182-293166
Bank Details State Bank Of Mysore Pesitm Campus Shimoga SBMY0040852
Location Shimoga, Shimoga
City Shimoga
District Shimoga
State Karnataka
Pincode 577204
Country IN
Address Guddada arekere sagara road , shimoga shimoga shimoga 577204
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 577006214 for Pesitm Campus Shimoga 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 577006214 of State Bank Of Mysore, Pesitm Campus Shimoga branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Pesitm Campus Shimoga branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Sbm Bank Pesitm Campus Shimoga

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 Pesitm Campus Shimoga 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. 577006214 is the MICR code of Sbm Bank for Pesitm Campus Shimoga branch. MICR code for Pesitm Campus Shimoga 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 Pesitm Campus Shimoga is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Pesitm Campus Shimoga branch in shimoga

The MICR code 577006214 is used in RBI cheque clearing process to identify the branch Pesitm Campus Shimoga 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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