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South Indian Bank Madikeri Madikeri Karnataka MICR CODE

Find MICR Codes for South Indian Bank Madikeri Madikeri Karnataka

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mercara
Contact Clament P., Manager 08272-229601
Bank Details South Indian Bank Mercara SIBL0000124
Location Madikeri, Madikeri
City Madikeri
District Madikeri
State Karnataka
Pincode 571201
Country IN
Address Madikkeri (mercara) branch,1st floor ,sree krishna plaza college road ,mercara , kodagu , karnataka , pin-571201
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 madikeri

You can search through MICR Codes of Karnataka branches in madikeri of District madikeri 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-

>>Madikeri

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

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

South Indian Bank MICR code in madikeri

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