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South Indian Bank Palladam Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for South Indian Bank Palladam Coimbatore Tamil Nadu

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palladam
Contact Nimesh Thomas, Ph : 022-22611209, 22658977
Bank Details South Indian Bank Palladam SIBL0000662
Location Palladam, Coimbatore
City Palladam
District Coimbatore
State Tamil Nadu
Pincode 641664
Country IN
Address No.30a, trichy road ,palladam,tirupur dist, tamilnadu
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.

Search South Indian Bank MICR Codes in coimbatore

You can search through MICR Codes of Tamil Nadu branches in palladam of District coimbatore in Tamil Nadu State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Palladam

How to find MICR codes for South Indian Bank in palladam?

South Indian Bank palladam MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From South Indian Bank MICR codes list for palladam, one can further search by branch name specified in the table. You can find MICR codes for all South Indian Bank palladam branches.

South Indian Bank MICR code in palladam

South Indian Bank MICR code is a character recognition technology used by banks in the processing of cheques. South Indian Bank MICR code for palladam branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for South Indian Bank branches in palladam, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does South Indian Bank MICR code for palladam branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a South Indian Bank palladam branch, sprinted 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. Thus MICR code for South Indian Bank palladam branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of South Indian Bank MICR codes for palladam branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!