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South Indian Bank Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for South Indian Bank Amritsar Amritsar Punjab

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Amiritsar
Contact Suranjan Saraswat, Manager 0183-2221770
Bank Details South Indian Bank Amiritsar SIBL0000441
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143001
Country IN
Address Amritsar branch, plot no:26, kennedy avenue , court road , punjab , punjab, pin-143001
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 143059002 for Amiritsar 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 143059002 of South Indian Bank, Amiritsar branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Amiritsar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of South Indian Bank are available with micr code -

>>Amiritsar

MICR code for South Indian Bank Amiritsar

South Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. South Indian Bank MICR code for Amiritsar 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. 143059002 is the MICR code of South Indian Bank for Amiritsar branch. MICR code for Amiritsar 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 South Indian Bank Amiritsar is presented in the table alongside.

Use of South Indian Bank MICR code for Amiritsar branch in amritsar

The MICR code 143059002 is used in RBI cheque clearing process to identify the branch Amiritsar and South Indian 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 South Indian Bank is typically in either of these two font’s: E-138 and CMC-7.