SBI Coimbatore Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for SBI Coimbatore Coimbatore Tamil Nadu

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kovaipudur
Contact
Bank Details State Bank Of India Kovaipudur SBIN0015472
Location Coimbatore, Coimbatore
City Coimbatore
District Coimbatore
State Tamil Nadu
Pincode 641042
Country IN
Address Amirtha complex, w81 kovai pudur main road, coimbatore - 641042
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 Kovaipudur 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, Kovaipudur branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Kovaipudur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI Kovaipudur

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

Use of State Bank Of India MICR code for Kovaipudur branch in coimbatore

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

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