Sbm Bank Shiggaon Haveri Karnataka MICR CODE

Find MICR Codes for Sbm Bank Shiggaon Haveri Karnataka

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MICR Code	581006534
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	Shiggaon
Contact	08378-255035
Bank Details	State Bank Of Mysore Shiggaon SBMY0040856

Location	Shiggaon, Haveri
City	Shiggaon
District	Haveri
State	Karnataka
Pincode	581250
Country	IN
Address	State bank of mysore,shiggaon branch,raikar building,near old bus- stand,shiggaon – 581250,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 581006534 for Shiggaon 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 581006534 of State Bank Of Mysore, Shiggaon branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Shiggaon 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 -

>>Shiggaon

MICR code for Sbm Bank Shiggaon

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 Shiggaon 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. 581006534 is the MICR code of Sbm Bank for Shiggaon branch. MICR code for Shiggaon 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 Shiggaon is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Shiggaon branch in shiggaon

The MICR code 581006534 is used in RBI cheque clearing process to identify the branch Shiggaon 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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