State Bank Of Travancore Kollam Kollam Kerala MICR CODE

Find MICR Codes for State Bank Of Travancore Kollam Kollam Kerala

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MICR Code
Bank State Bank Of Travancore
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Oachira
Contact
Bank Details State Bank Of Travancore Oachira SBTR0000282
Location Kollam, Kollam
City Kollam
District Kollam
State Kerala
Pincode 690526
Country IN
Address P.b.no.1, g.k.buildings, oachira p.o., kollam, kerala, pin-690526
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 Oachira 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 Sbt Bank, Oachira branch makes the system almost error free and faster. Use of Sbt Bank MICR codes for Oachira branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for State Bank Of Travancore Oachira

State Bank Of Travancore MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Sbt Bank MICR code for Oachira 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 Travancore Bank for Oachira branch. MICR code for Oachira 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 Sbt Bank Oachira is presented in the table alongside.

Use of Sbt Bank MICR code for Oachira branch in kollam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Oachira and Sbt Bank 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 Travancore Bank is typically in either of these two font’s: E-138 and CMC-7.

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