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Sbm Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Sbm Bank Indore Indore Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	452006002
Bank	State Bank Of Mysore
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Indore
Contact	0731-2435660
Bank Details	State Bank Of Mysore Indore SBMY0040554

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452001
Country	IN
Address	Sunrise towers 579 m g road indore-452001

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 452006002 for Indore 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 452006002 of State Bank Of Mysore, Indore branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for Indore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of State Bank Of Mysore are available with micr code -

>>Indore >>Scheme Number 94 Indore

MICR code for Sbm Bank Indore

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 Indore 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. 452006002 is the MICR code of Sbm Bank for Indore branch. MICR code for Indore 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 Indore is presented in the table alongside.

Use of State Bank Of Mysore MICR code for Indore branch in indore

The MICR code 452006002 is used in RBI cheque clearing process to identify the branch Indore 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.