SBI Hassan Hassan Karnataka MICR CODE

Find MICR Codes for SBI Hassan Hassan Karnataka

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Holenarasipura
Contact 273230
Bank Details State Bank Of India Holenarasipura SBIN0040047
Location Hassan, Hassan
City Hassan
District Hassan
State Karnataka
Pincode 573211
Country IN
Address Holenarasipur, hassan, karnataka, 573 211
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 Holenarasipura 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 India, Holenarasipura branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Holenarasipura branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Holenarasipura

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

Use of State Bank Of India MICR code for Holenarasipura branch in hassan

The MICR code 0 is used in RBI cheque clearing process to identify the branch Holenarasipura and State Bank Of India 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 SBI Bank is typically in either of these two font’s: E-138 and CMC-7.

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