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South Indian Bank Pottassery Palakkad Kerala MICR CODE

Find MICR Codes for South Indian Bank Pottassery Palakkad Kerala

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pottasseri
Contact Sangeetha K V, Manager 04924-238272
Bank Details South Indian Bank Pottasseri SIBL0000186
Location Pottassery, Palakkad
City Pottassery
District Palakkad
State Kerala
Pincode 678598
Country IN
Address Pottasseri branch, mangaly buildings,kanhiram,pottasseri, palakkad , kerala, pin-678598
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 0 for Pottasseri 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 0 of South Indian Bank, Pottasseri branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Pottasseri 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 -

>>Palakkayam >>Pottasseri

MICR code for South Indian Bank Pottasseri

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 Pottasseri 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. 0 is the MICR code of South Indian Bank for Pottasseri branch. MICR code for Pottasseri 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 Pottasseri is presented in the table alongside.

Use of South Indian Bank MICR code for Pottasseri branch in pottassery

The MICR code 0 is used in RBI cheque clearing process to identify the branch Pottasseri 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.