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South Indian Bank Payyannur Kannur Kerala MICR CODE

Find MICR Codes for South Indian Bank Payyannur Kannur Kerala

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Payyannur
Contact Anandan K., Manager 04985-203526
Bank Details South Indian Bank Payyannur SIBL0000402
Location Payyannur, Kannur
City Payyannur
District Kannur
State Kerala
Pincode 670307
Country IN
Address Payyannur branch, 1st floor,d.no. Xxi/687a 27 to 29 ,season complex, kannur , kerala, pin-670307
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 kannur

You can search through MICR Codes of Kerala branches in payyannur of District kannur in Kerala State by using the search box or you can browse through the table using the conrols at the bottom.

South Indian Bank branches with micr codes are available in 6 cities-

>>Cannur >>Kannur >>Kuthuparamba >>Payyannur >>Taliparamba >>Thalassery

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

South Indian Bank payyannur 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 payyannur, one can further search by branch name specified in the table. You can find MICR codes for all South Indian Bank payyannur branches.

South Indian Bank MICR code in payyannur

South Indian Bank MICR code is a character recognition technology used by banks in the processing of cheques. South Indian Bank MICR code for payyannur 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 payyannur, 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 payyannur 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 payyannur 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 payyannur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of South Indian Bank MICR codes for payyannur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!