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South Indian Bank Monipally Kottayam Kerala MICR CODE

Find MICR Codes for South Indian Bank Monipally Kottayam Kerala

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Monipally
Contact Alby Peter , Ph : 022-22611209, 22658977
Bank Details South Indian Bank Monipally SIBL0000762
Location Monipally, Kottayam
City Monipally
District Kottayam
State Kerala
Pincode 686636
Country IN
Address Ooralil building, monippally, kottayam - 686636
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 kottayam

You can search through MICR Codes of Kerala branches in monipally of District kottayam 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 monipally?

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

South Indian Bank MICR code in monipally

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