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Sbm Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Sbm Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank State Bank Of Mysore
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai Main
Contact 022-22790505
Bank Details State Bank Of Mysore Mumbai Main SBMY0040001
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400021
Country IN
Address Mittal court c wing 224 nariman point mumbai -400021
MICR Code
Bank State Bank Of Mysore
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Matunga
Contact 022-24021570
Bank Details State Bank Of Mysore Matunga SBMY0040243
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400019
Country IN
Address Nayak shantinath bhavan dr.ambedkar rd matunga-400019
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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.

Search Sbm Bank MICR Codes in greater bombay

You can search through MICR Codes of Maharashtra branches in mumbai of District greater bombay in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

How to find MICR codes for Sbm Bank in mumbai?

Sbm Bank mumbai MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From State Bank Of Mysore MICR codes list for mumbai, one can further search by branch name specified in the table. You can find MICR codes for all Sbm Bank mumbai branches.

State Bank Of Mysore MICR code in mumbai

Sbm Bank MICR code is a character recognition technology used by banks in the processing of cheques. State Bank Of Mysore MICR code for mumbai branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Sbm Bank branches in mumbai, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Sbm Bank MICR code for mumbai branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Sbm Bank mumbai branch, sprinted 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. Thus MICR code for State Bank Of Mysore mumbai branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Sbm Bank MICR codes for mumbai branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!