South Indian Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for South Indian Bank Bangalore Bangalore Urban Karnataka

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bangalore Corporate
Contact Nimesh Thomas, Ph : 022-22611209, 22658978
Bank Details South Indian Bank Bangalore Corporate SIBL0000715
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560025
Country IN
Address 23/1,ii floor baba chambers,richmond road bangalore 560025 ,karnataka state
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 Bangalore Corporate 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 South Indian Bank, Bangalore Corporate branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Bangalore Corporate branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for South Indian Bank Bangalore Corporate

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 Bangalore Corporate 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 South Indian Bank for Bangalore Corporate branch. MICR code for Bangalore Corporate 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 Bangalore Corporate is presented in the table alongside.

Use of South Indian Bank MICR code for Bangalore Corporate branch in bangalore

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

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