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South Indian Bank Kottayi Palakkad Kerala MICR CODE

Find MICR Codes for South Indian Bank Kottayi Palakkad Kerala

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kottayi
Contact Alby Peter , Ph : 022-22611209, 22658977
Bank Details South Indian Bank Kottayi SIBL0000735
Location Kottayi, Palakkad
City Kottayi
District Palakkad
State Kerala
Pincode 678572
Country IN
Address Kalarikkal building,building no.8/560,varode p.o,major road jn., kottayi,palakkad -678572
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 palakkad

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

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

South Indian Bank kottayi 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 kottayi, one can further search by branch name specified in the table. You can find MICR codes for all South Indian Bank kottayi branches.

South Indian Bank MICR code in kottayi

South Indian Bank MICR code is a character recognition technology used by banks in the processing of cheques. South Indian Bank MICR code for kottayi 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 kottayi, 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 kottayi 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 kottayi 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 kottayi branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of South Indian Bank MICR codes for kottayi branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!