South Indian Bank Mysore Mysore Karnataka MICR CODE

Find MICR Codes for South Indian Bank Mysore Mysore Karnataka

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Maria Niketan School
Contact 484-2365657
Bank Details South Indian Bank Maria Niketan School SIBL0000998
Location Mysore, Mysore
City Mysore
District Mysore
State Karnataka
Pincode
Country IN
Address Maria niketan school campus,bhogadi road,bhogadi post office,mysuru,karnataka
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 0 for Maria Niketan School 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 0 of South Indian Bank, Maria Niketan School branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Maria Niketan School branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of South Indian Bank are available with micr code -

>>Maria Niketan School >>Mysore >>Mysore Bannimantap >>Mysore Jayalakhshmipuram >>Mysore N.R. Mohalla

MICR code for South Indian Bank Maria Niketan School

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 Maria Niketan School 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. 0 is the MICR code of South Indian Bank for Maria Niketan School branch. MICR code for Maria Niketan School 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 Maria Niketan School is presented in the table alongside.

Use of South Indian Bank MICR code for Maria Niketan School branch in mysore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Maria Niketan School 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.

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