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SBP Bank Mangalore Dakshina Kannada Karnataka MICR CODE

Find MICR Codes for SBP Bank Mangalore Dakshina Kannada Karnataka

MICR Code
Bank State Bank Of Patiala
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kankanadi (Mangalore)
Contact 0824-438464/R-434255/Fax-438455
Bank Details State Bank Of Patiala Kankanadi (Mangalore) STBP0000596
Location Mangalore, Dakshina Kannada
City Mangalore
District Dakshina Kannada
State Karnataka
Pincode 575001
Country IN
Address Nri specialised branch star of bombay complex po box no-562, kankanadi, mangalore
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 Kankanadi (Mangalore) 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 State Bank Of Patiala, Kankanadi (Mangalore) branch makes the system almost error free and faster. Use of State Bank Of Patiala MICR codes for Kankanadi (Mangalore) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of Patiala are available with micr code -

>>Kankanadi (Mangalore)

MICR code for SBP Bank Kankanadi (Mangalore)

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

Use of State Bank Of Patiala MICR code for Kankanadi (Mangalore) branch in mangalore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kankanadi (Mangalore) and State Bank Of Patiala 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 SBP Bank is typically in either of these two font’s: E-138 and CMC-7.