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South Indian Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for South Indian Bank Delhi New Delhi New Delhi

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Newdelhi Sainik Vihar
Contact Swarup Kumar Tripati, Senior Manager 011-27028669
Bank Details South Indian Bank Newdelhi Sainik Vihar SIBL0000421
Location Delhi, New Delhi
City Delhi
District New Delhi
State New Delhi
Pincode 110034
Country IN
Address Delhi sainik vihar branch, anand plaza,1st floor,plot no. 2,lsc,sainik vihar, pitampura , delhi , pin-110034
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 110059015 for Newdelhi Sainik Vihar 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 110059015 of South Indian Bank, Newdelhi Sainik Vihar branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Newdelhi Sainik Vihar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for South Indian Bank Newdelhi Sainik Vihar

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 Newdelhi Sainik Vihar 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. 110059015 is the MICR code of South Indian Bank for Newdelhi Sainik Vihar branch. MICR code for Newdelhi Sainik Vihar 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 Newdelhi Sainik Vihar is presented in the table alongside.

Use of South Indian Bank MICR code for Newdelhi Sainik Vihar branch in delhi

The MICR code 110059015 is used in RBI cheque clearing process to identify the branch Newdelhi Sainik Vihar 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.