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SBI Calicut Kozhikode Kerala MICR CODE

Find MICR Codes for SBI Calicut Kozhikode Kerala

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gold Point Kozhikode
Contact 2420430
Bank Details State Bank Of India Gold Point Kozhikode SBIN0070938
Location Calicut, Kozhikode
City Calicut
District Kozhikode
State Kerala
Pincode 673001
Country IN
Address Mullassery arcade, bunglavu road, meenchanha byepass, meenchantha, nallalam po, 673027
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 Gold Point Kozhikode 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 India, Gold Point Kozhikode branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Gold Point Kozhikode branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Gold Point Kozhikode

SBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of India MICR code for Gold Point Kozhikode 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 SBI Bank for Gold Point Kozhikode branch. MICR code for Gold Point Kozhikode 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 India Gold Point Kozhikode is presented in the table alongside.

Use of State Bank Of India MICR code for Gold Point Kozhikode branch in calicut

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gold Point Kozhikode and State Bank Of India 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 SBI Bank is typically in either of these two font’s: E-138 and CMC-7.