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South Indian Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for South Indian Bank Chennai Chennai Tamil Nadu

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chennai Mount Road
Contact Jacob K.John, Chief Manager 044-28549050,28549047
Bank Details South Indian Bank Chennai Mount Road SIBL0000043
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600002
Country IN
Address Chennai mount road branch, 19 ,ground floor , ,mount road, opp: annasalaihpo, chennai, tamil nadu, pin-600002
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 600059003 for Chennai Mount Road 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 600059003 of South Indian Bank, Chennai Mount Road branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Chennai Mount Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for South Indian Bank Chennai Mount Road

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 Chennai Mount Road 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. 600059003 is the MICR code of South Indian Bank for Chennai Mount Road branch. MICR code for Chennai Mount Road 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 Chennai Mount Road is presented in the table alongside.

Use of South Indian Bank MICR code for Chennai Mount Road branch in chennai

The MICR code 600059003 is used in RBI cheque clearing process to identify the branch Chennai Mount Road 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.