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South Indian Bank Kollam Kollam Kerala MICR CODE

Find MICR Codes for South Indian Bank Kollam Kollam Kerala

Bank
State
District
City
Branch
Address

MICR Code	686059002
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	Palai
Contact	Jose Joseph Vettickatt, Chief Manager 04822-212424,21406
Bank Details	South Indian Bank Palai SIBL0000062

Location	Kollam, Kollam
City	Kollam
District	Kollam
State	Kerala
Pincode	686575
Country	IN
Address	Palai branch,mattathil building,main road ,palai , kottayam , kerala, pin-686575

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 686059002 for Palai 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 686059002 of South Indian Bank, Palai branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Palai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of South Indian Bank are available with micr code -

>>Anchal >>Kannanalloor >>Kollam >>Mundakkal Kollam >>Palai >>Pallimukku >>Perumpuzha

MICR code for South Indian Bank Palai

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 Palai 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. 686059002 is the MICR code of South Indian Bank for Palai branch. MICR code for Palai 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 Palai is presented in the table alongside.

Use of South Indian Bank MICR code for Palai branch in kollam

The MICR code 686059002 is used in RBI cheque clearing process to identify the branch Palai 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.