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South Indian Bank Coimbatore Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for South Indian Bank Coimbatore Coimbotore Tamil Nadu

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Coimbatore Big Bazar Street
Contact Paul Davis Thottan, Senior Manager 0422-2398081
Bank Details South Indian Bank Coimbatore Big Bazar Street SIBL0000440
Location Coimbatore, Coimbotore
City Coimbatore
District Coimbotore
State Tamil Nadu
Pincode 641001
Country IN
Address Coimbatore big bazar street branch, big bazar street , coimbatore , tamil nadu , tamil nadu, pin-641001
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 641059012 for Coimbatore Big Bazar Street 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 641059012 of South Indian Bank, Coimbatore Big Bazar Street branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Coimbatore Big Bazar Street branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for South Indian Bank Coimbatore Big Bazar Street

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 Coimbatore Big Bazar Street 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. 641059012 is the MICR code of South Indian Bank for Coimbatore Big Bazar Street branch. MICR code for Coimbatore Big Bazar Street 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 Coimbatore Big Bazar Street is presented in the table alongside.

Use of South Indian Bank MICR code for Coimbatore Big Bazar Street branch in coimbatore

The MICR code 641059012 is used in RBI cheque clearing process to identify the branch Coimbatore Big Bazar Street 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.