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South Indian Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for South Indian Bank Hyderabad Hyderabad Urban Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	500059003
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	Secunderabad
Contact	Lakshmi Prabha T M, Chief Manager 040-27845170
Bank Details	South Indian Bank Secunderabad SIBL0000246

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500003
Country	IN
Address	Secunderaba0d branch, 1-7-395, ground floor, sarojini devi road , secunderabad , hyderabad, andhra pradesh, pin-500003

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 500059003 for Secunderabad 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 500059003 of South Indian Bank, Secunderabad branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Secunderabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of South Indian Bank are available with micr code -

>>Ameerpet >>Hyderabad >>Hyderabad A S Rao Nagar >>Secunderabad >>Secunderabad Diamond Point

MICR code for South Indian Bank Secunderabad

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 Secunderabad 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. 500059003 is the MICR code of South Indian Bank for Secunderabad branch. MICR code for Secunderabad 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 Secunderabad is presented in the table alongside.

Use of South Indian Bank MICR code for Secunderabad branch in hyderabad

The MICR code 500059003 is used in RBI cheque clearing process to identify the branch Secunderabad 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.