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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.

How does MICR code 0 for Monipally 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, Monipally branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Monipally branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of South Indian Bank are available with micr code -

>>Monipally

MICR code for South Indian Bank Monipally

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 Monipally 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 Monipally branch. MICR code for Monipally 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 Monipally is presented in the table alongside.

Use of South Indian Bank MICR code for Monipally branch in monipally

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