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South Indian Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for South Indian Bank Hyderabad Hyderabad Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	500059017
Bank	South Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Banjara Hills
Contact	Thomas John, Ph : 022-22611209, 22658977
Bank Details	South Indian Bank Banjara Hills SIBL0000652

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Andhra Pradesh
Pincode	500034
Country	IN
Address	Plot no.13, n.n.r arcade, 1st floor, road no.10, banjara hills,hyderabad

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 500059017 for Banjara Hills 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 500059017 of South Indian Bank, Banjara Hills branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Banjara Hills branch, makes the characters readable even if there are other marks and stamps on it.

A total of 11 branches of South Indian Bank are available with micr code -

>>Almasguda >>Annojiguda >>Bachupalli >>Badangpet >>Bahadurpalli >>Banjara Hills >>Hyderabad Service >>Manchirevula >>Medbowli >>Somajiguda >>Vattinagulapalli

MICR code for South Indian Bank Banjara Hills

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 Banjara Hills 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. 500059017 is the MICR code of South Indian Bank for Banjara Hills branch. MICR code for Banjara Hills 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 Banjara Hills is presented in the table alongside.

Use of South Indian Bank MICR code for Banjara Hills branch in hyderabad

The MICR code 500059017 is used in RBI cheque clearing process to identify the branch Banjara Hills 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.