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South Indian Bank Sasthamcotta Kollam Kerala MICR CODE

Find MICR Codes for South Indian Bank Sasthamcotta Kollam Kerala

Bank
State
District
City
Branch
Address

MICR Code	-NA-
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	Sasthamcotta
Contact	Johnson Chakkalakkal, Senior Manager 0476-2830343
Bank Details	South Indian Bank Sasthamcotta SIBL0000143

Location	Sasthamcotta, Kollam
City	Sasthamcotta
District	Kollam
State	Kerala
Pincode	690521
Country	IN
Address	Sasthamcotta branch,111/714-b ,kannimelazhikam building,sasthamcotta, kollam , kerala, pin-690521

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 Sasthamcotta 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, Sasthamcotta branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Sasthamcotta 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 -

>>Sasthamcotta

MICR code for South Indian Bank Sasthamcotta

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 Sasthamcotta 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 Sasthamcotta branch. MICR code for Sasthamcotta 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 Sasthamcotta is presented in the table alongside.

Use of South Indian Bank MICR code for Sasthamcotta branch in sasthamcotta

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