MICR Code Bank
Find MICR code for South Indian Bank branches in India for NEFT and RTGS transfer

South Indian Bank MICR CODE

Find MICR Codes for South Indian Bank

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  1. South Indian Bank »
  2. Tamil Nadu »
  3. coimbotore »
  4. coimbatore »
  5. coimbatore big bazar street

Find MICR Codes for South Indian Bank

MICR Code: 641059012
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

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

MICR code for South Indian Bank

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

Use of South Indian Bank MICR code for branch in coimbatore

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