SBI Kolar Kolar Karnataka MICR CODE

Find MICR Codes for SBI Kolar Kolar Karnataka

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kolar
Contact Ip-851401,08152-222436
Bank Details State Bank Of India Kolar SBIN0006029
Location Kolar, Kolar
City Kolar
District Kolar
State Karnataka
Pincode 563101
Country IN
Address M.b.road, near ksrtc bus stand, kolar , karnataka 563 101
MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kolar
Contact 222417
Bank Details State Bank Of India Kolar SBIN0040080
Location Kolar, Kolar
City Kolar
District Kolar
State Karnataka
Pincode 563101
Country IN
Address Kolar,karnataka, 563 101
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 563002101 for Kolar 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 563002101 of State Bank Of India, Kolar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Kolar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 16 branches of State Bank Of India are available with micr code -

>>Bangarpet >>Cac Kolar Gold Fields >>Chickballapur >>Chickballapur >>Chikkathirupathi >>Chintamani >>District Sales Hubkolar >>Kolar >>Kolar >>Malur >>Mulbagal >>Narasapura >>Pc Extn Kolar >>Region Ii >>Yidagur >>Zilla Adalitha Bhavan

MICR code for SBI Kolar

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 Kolar 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. 563002101 is the MICR code of SBI Bank for Kolar branch. MICR code for Kolar 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 Kolar is presented in the table alongside.

Use of State Bank Of India MICR code for Kolar branch in kolar

The MICR code 563002101 is used in RBI cheque clearing process to identify the branch Kolar 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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