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Sumitomo Mitsui Bank New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Sumitomo Mitsui Bank New Delhi New Delhi New Delhi

Bank Sumitomo Mitsui Banking Corporation
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch New Delhi
Contact -47689175
Bank Details Sumitomo Mitsui Banking Corporation New Delhi SMBC0000001
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110001
Country IN
Address 13th floor, hindustan times house, 18-20 kasturba gandhi marg, new delhi-110001.
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 110240270 for New Delhi 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 110240270 of Sumitomo Bank, New Delhi branch makes the system almost error free and faster. Use of Sumitomo Bank MICR codes for New Delhi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Sumitomo Mitsui Banking Corporation are available with micr code -

>>New Delhi

MICR code for Sumitomo Mitsui Bank New Delhi

Sumitomo Mitsui Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Sumitomo Bank MICR code for New Delhi 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. 110240270 is the MICR code of Smbc for New Delhi branch. MICR code for New Delhi 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 Sumitomo Bank New Delhi is presented in the table alongside.

Use of Sumitomo Bank MICR code for New Delhi branch in new delhi

The MICR code 110240270 is used in RBI cheque clearing process to identify the branch New Delhi and Sumitomo 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 Smbc is typically in either of these two font’s: E-138 and CMC-7.