State Bank Of Travancore Pathanamthitta Pathanamthitta Kerala MICR CODE

Find MICR Codes for State Bank Of Travancore Pathanamthitta Pathanamthitta 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 Parakode
Contact
Bank Details State Bank Of Travancore Parakode SBTR0000070
Location Pathanamthitta, Pathanamthitta
City Pathanamthitta
District Pathanamthitta
State Kerala
Pincode 691554
Country IN
Address P.b.no.1, kavinte thekkethil, parakode p.o., pathanamthitta, kerala, pin-691554
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 Parakode 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, Parakode branch makes the system almost error free and faster. Use of Sbt Bank MICR codes for Parakode branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for State Bank Of Travancore Parakode

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

Use of Sbt Bank MICR code for Parakode branch in pathanamthitta

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