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South Indian Bank Perundurai Erode Tamil Nadu MICR CODE

Find MICR Codes for South Indian Bank Perundurai Erode Tamil Nadu

Bank
State
District
City
Branch
Address

MICR Code	638059003
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	Perundurai
Contact	Sonney Cherian, Manager 04294-224933
Bank Details	South Indian Bank Perundurai SIBL0000458

Location	Perundurai, Erode
City	Perundurai
District	Erode
State	Tamil Nadu
Pincode	638052
Country	IN
Address	Perundurai branch, p.s.g. Mills premises, perundurai, erode, periyar, tamil nadu

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 638059003 for Perundurai 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 638059003 of South Indian Bank, Perundurai branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Perundurai branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Perundurai

MICR code for South Indian Bank Perundurai

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 Perundurai 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. 638059003 is the MICR code of South Indian Bank for Perundurai branch. MICR code for Perundurai 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 Perundurai is presented in the table alongside.

Use of South Indian Bank MICR code for Perundurai branch in perundurai

The MICR code 638059003 is used in RBI cheque clearing process to identify the branch Perundurai 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.