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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 Shastrinagar
Contact 044-4911176
Bank Details State Bank Of Mysore Shastrinagar SBMY0040234
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600020
Country IN
Address Chennai- 600 020
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 600006007 for Shastrinagar 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 600006007 of State Bank Of Mysore, Shastrinagar branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Shastrinagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Sbm Bank Shastrinagar

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 Shastrinagar 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. 600006007 is the MICR code of Sbm Bank for Shastrinagar branch. MICR code for Shastrinagar 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 Shastrinagar is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Shastrinagar branch in chennai

The MICR code 600006007 is used in RBI cheque clearing process to identify the branch Shastrinagar 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.