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South Indian Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for South Indian Bank Delhi New Delhi New Delhi

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Delhi Chandni Chowk
Contact George Paul, Senior Manager 011-23955010
Bank Details South Indian Bank Delhi Chandni Chowk SIBL0000221
Location Delhi, New Delhi
City Delhi
District New Delhi
State New Delhi
Pincode 110006
Country IN
Address Delhi chandni chowk branch, 4946-4948,pal market,chandni chowk , delhi, delhi , pin-110006
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 110059004 for Delhi Chandni Chowk 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 110059004 of South Indian Bank, Delhi Chandni Chowk branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Delhi Chandni Chowk branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for South Indian Bank Delhi Chandni Chowk

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 Delhi Chandni Chowk 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. 110059004 is the MICR code of South Indian Bank for Delhi Chandni Chowk branch. MICR code for Delhi Chandni Chowk 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 Delhi Chandni Chowk is presented in the table alongside.

Use of South Indian Bank MICR code for Delhi Chandni Chowk branch in delhi

The MICR code 110059004 is used in RBI cheque clearing process to identify the branch Delhi Chandni Chowk 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.