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South Indian Bank Silaiman Madurai Tamil Nadu MICR CODE

Find MICR Codes for South Indian Bank Silaiman Madurai Tamil Nadu

Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Silaiman
Contact Jagadeesan T.S., Manager 0452-2465527
Bank Details South Indian Bank Silaiman SIBL0000217
Location Silaiman, Madurai
City Silaiman
District Madurai
State Tamil Nadu
Pincode 625201
Country IN
Address Silaiman branch, ground floor ,sudarsana niwas complex ,main road , madurai, tamil nadu, pin-625201
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 madurai

You can search through MICR Codes of Tamil Nadu branches in silaiman of District madurai in Tamil Nadu 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 2 cities-

>>Madurai >>Silaiman

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

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

South Indian Bank MICR code in silaiman

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