Sbm Bank Savanur Haveri Karnataka MICR CODE

Find MICR Codes for Sbm Bank Savanur Haveri Karnataka

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MICR Code	581006533
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	Savanur
Contact	08378-241668
Bank Details	State Bank Of Mysore Savanur SBMY0040842

Location	Savanur, Haveri
City	Savanur
District	Haveri
State	Karnataka
Pincode	581118
Country	IN
Address	A.p.m.c building,near bus stand,savanur – 581118 haveri (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 581006533 for Savanur 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 581006533 of State Bank Of Mysore, Savanur branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Savanur branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Savanur

MICR code for Sbm Bank Savanur

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 Savanur 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. 581006533 is the MICR code of Sbm Bank for Savanur branch. MICR code for Savanur 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 Savanur is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Savanur branch in savanur

The MICR code 581006533 is used in RBI cheque clearing process to identify the branch Savanur 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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