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South Indian Bank Kolar Kolar Karnataka MICR CODE

Find MICR Codes for South Indian Bank Kolar Kolar Karnataka

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Alambadi
Contact 2365657
Bank Details South Indian Bank Alambadi SIBL0000932
Location Kolar, Kolar
City Kolar
District Kolar
State Karnataka
Pincode 563160
Country IN
Address Building no 121,christ college of sciences & management campus,christ nagar,alambadi,kolar
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.

Search South Indian Bank MICR Codes in kolar

You can search through MICR Codes of Karnataka branches in kolar of District kolar in Karnataka State by using the search box or you can browse through the table using the conrols at the bottom.

South Indian Bank branches with micr codes are available in 1 cities-

>>Kolar

How to find MICR codes for South Indian Bank in kolar?

South Indian Bank kolar MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From South Indian Bank MICR codes list for kolar, one can further search by branch name specified in the table. You can find MICR codes for all South Indian Bank kolar branches.

South Indian Bank MICR code in kolar

South Indian Bank MICR code is a character recognition technology used by banks in the processing of cheques. South Indian Bank MICR code for kolar branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for South Indian Bank branches in kolar, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does South Indian Bank MICR code for kolar branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a South Indian Bank kolar branch, sprinted 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. Thus MICR code for South Indian Bank kolar branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of South Indian Bank MICR codes for kolar branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!