State Bank Of Travancore Palakkad Palakkad Kerala MICR CODE

Find MICR Codes for State Bank Of Travancore Palakkad Palakkad Kerala

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	Olavakode
Contact	022-27564753
Bank Details	State Bank Of Travancore Olavakode SBTR0001093

Location	Palakkad, Palakkad
City	Palakkad
District	Palakkad
State	Kerala
Pincode	678002
Country	IN
Address	Vallapuzha complex near sro olavakode, palakkad 678002 ph 0491-2510773

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

A total of 15 branches of State Bank Of Travancore are available with micr code -

>>Goldpoint Palakkad >>Kalladikode >>Kalpathy >>Kudallur >>Olavakode >>Ozhalapathy >>Palakkad >>Pathiripala >>Payyanadam >>Psb Palakkad >>Psb Palakkad >>Psb Palakkad >>Puthur Palakkad >>Sme Branch Palakkad >>Vadavannur

MICR code for State Bank Of Travancore Olavakode

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 Olavakode 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 Olavakode branch. MICR code for Olavakode 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 Olavakode is presented in the table alongside.

Use of Sbt Bank MICR code for Olavakode branch in palakkad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Olavakode 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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