MICR Code Bank
Find MICR code for Sbm Bank branches in India for NEFT and RTGS transfer

Sbm Bank MICR CODE

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  1. State Bank Of Mysore »
  2. Madhya Pradesh »
  3. indore »
  4. indore »
  5. indore

Find MICR Codes for Sbm Bank

MICR Code: 452006002
Bank: State Bank Of Mysore
Business Hours:
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

How does MICR code for 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 of State Bank Of Mysore, branch makes the system almost error free and faster. Use of State Bank Of Mysore MICR codes for 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

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

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

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