Let Others Know
×
LinkedIn
Email
WhatsApp

South Indian Bank Ottapalam Palakkad Kerala MICR CODE

Find MICR Codes for South Indian Bank Ottapalam Palakkad Kerala

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ottapalam
Contact Vasudevan P., Manager 0466-2244328
Bank Details South Indian Bank Ottapalam SIBL0000061
Location Ottapalam, Palakkad
City Ottapalam
District Palakkad
State Kerala
Pincode 679101
Country IN
Address Ottapalam branch,jrj complex (1st floor) ,main road ,ottapalam , palakkad , kerala, pin-679101
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 679059002 for Ottapalam 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 679059002 of South Indian Bank, Ottapalam branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Ottapalam branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of South Indian Bank are available with micr code -

>>Ottapalam >>Pathirippala

MICR code for South Indian Bank Ottapalam

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 Ottapalam 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. 679059002 is the MICR code of South Indian Bank for Ottapalam branch. MICR code for Ottapalam 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 Ottapalam is presented in the table alongside.

Use of South Indian Bank MICR code for Ottapalam branch in ottapalam

The MICR code 679059002 is used in RBI cheque clearing process to identify the branch Ottapalam 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.