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Sbm Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Sbm Bank Chennai Chennai Tamil Nadu

MICR Code
Bank State Bank Of Mysore
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Service Br Chennai
Contact 044-8523470
Bank Details State Bank Of Mysore Service Br Chennai SBMY0040473
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600002
Country IN
Address Chennai 600002
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 600006001 for Service Br Chennai 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 600006001 of State Bank Of Mysore, Service Br Chennai branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Service Br Chennai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Sbm Bank Service Br Chennai

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 Service Br Chennai 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. 600006001 is the MICR code of Sbm Bank for Service Br Chennai branch. MICR code for Service Br Chennai 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 Service Br Chennai is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Service Br Chennai branch in chennai

The MICR code 600006001 is used in RBI cheque clearing process to identify the branch Service Br Chennai 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.