State Bank Of Travancore Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for State Bank Of Travancore Chennai Chennai Tamil Nadu

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MICR Code
Bank State Bank Of Travancore
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Velacherry
Contact 9445069988
Bank Details State Bank Of Travancore Velacherry SBTR0000771
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600042
Country IN
Address Plot no.9, old no.11-b, new no.20, iii main road, rajalekshmi nagar, velacherry, chennai, tamil nadu- 600 042
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 600009024 for Velacherry 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 600009024 of Sbt Bank, Velacherry branch makes the system almost error free and faster. Use of Sbt Bank MICR codes for Velacherry branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for State Bank Of Travancore Velacherry

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 Velacherry 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. 600009024 is the MICR code of Travancore Bank for Velacherry branch. MICR code for Velacherry 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 Velacherry is presented in the table alongside.

Use of Sbt Bank MICR code for Velacherry branch in chennai

The MICR code 600009024 is used in RBI cheque clearing process to identify the branch Velacherry 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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