State Bank Of Travancore Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for State Bank Of Travancore Indore Indore Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	State Bank Of Travancore
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Midcorporate Branch Indore
Contact	0731-2510614
Bank Details	State Bank Of Travancore Midcorporate Branch Indore SBTR0001109

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452001
Country	IN
Address	202, 202a, second floor, megapolis square, 579, m g road, indore, mandhya pradesh-452001, mcbindore@sbt.co.in

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 Midcorporate Branch 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 0 of Sbt Bank, Midcorporate Branch Indore branch makes the system almost error free and faster. Use of Sbt Bank MICR codes for Midcorporate Branch 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 Travancore are available with micr code -

>>Indore >>Midcorporate Branch Indore

MICR code for State Bank Of Travancore Midcorporate Branch Indore

State Bank Of Travancore MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Sbt Bank MICR code for Midcorporate Branch 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. 0 is the MICR code of Travancore Bank for Midcorporate Branch Indore branch. MICR code for Midcorporate Branch 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 Sbt Bank Midcorporate Branch Indore is presented in the table alongside.

Use of Sbt Bank MICR code for Midcorporate Branch Indore branch in indore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Midcorporate Branch Indore and Sbt Bank 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 Travancore Bank is typically in either of these two font’s: E-138 and CMC-7.

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