South Indian Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for South Indian Bank Mumbai Greater Bombay Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400059017
Bank	South Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nerul
Contact	Padma Kumar C.G., Manager 022-27723070
Bank Details	South Indian Bank Nerul SIBL0000465

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400706
Country	IN
Address	Plot no 31,sect 25, nerul,navi-mumbai, maharashtra, 400706

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 400059017 for Nerul 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 400059017 of South Indian Bank, Nerul branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Nerul branch, makes the characters readable even if there are other marks and stamps on it.

A total of 17 branches of South Indian Bank are available with micr code -

>>Mumbai Andheri East >>Mumbai Andheri West >>Mumbai Bandra >>Mumbai Borivli West >>Mumbai Fort Branch >>Mumbai Ghatkopar >>Mumbai Girgaum >>Mumbai Goregaon >>Mumbai Hill Road >>Mumbai Malad >>Mumbai Nariman Point >>Mumbai Powai >>Mumbai Service Branch >>Mumbai Vashi >>Nerul >>Rtgs Cell >>Treasury Department

MICR code for South Indian Bank Nerul

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 Nerul 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. 400059017 is the MICR code of South Indian Bank for Nerul branch. MICR code for Nerul 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 Nerul is presented in the table alongside.

Use of South Indian Bank MICR code for Nerul branch in mumbai

The MICR code 400059017 is used in RBI cheque clearing process to identify the branch Nerul 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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