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Sbm Bank Madanapalle Chittor Andhra Pradesh MICR CODE

Find MICR Codes for Sbm Bank Madanapalle Chittor Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	-NA-
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	Madanapalle
Contact	08571-262017
Bank Details	State Bank Of Mysore Madanapalle SBMY0040002

Location	Madanapalle, Chittor
City	Madanapalle
District	Chittor
State	Andhra Pradesh
Pincode	517325
Country	IN
Address	Madanapalle - 517 325

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

A total of 1 branches of State Bank Of Mysore are available with micr code -

>>Madanapalle

MICR code for Sbm Bank Madanapalle

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

Use of State Bank Of Mysore MICR code for Madanapalle branch in madanapalle

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