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Standard Chartered Bank Coimbatur Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for Standard Chartered Bank Coimbatur Coimbotore Tamil Nadu

MICR Code
Bank Standard Chartered Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Coimbatore
Contact 0422-2550589
Bank Details Standard Chartered Bank Coimbatore SCBL0036077
Location Coimbatur, Coimbotore
City Coimbatur
District Coimbotore
State Tamil Nadu
Pincode 641002
Country IN
Address 509, d b road, r s puram, coimbatore - 641 002
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 Coimbatore 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 SCB, Coimbatore branch makes the system almost error free and faster. Use of SCB MICR codes for Coimbatore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Standard Chartered Bank are available with micr code -

>>Coimbatore

MICR code for Standard Chartered Bank Coimbatore

Standard Chartered Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SCB MICR code for Coimbatore 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 Standard Chartered Bank for Coimbatore branch. MICR code for Coimbatore 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 SCB Coimbatore is presented in the table alongside.

Use of SCB MICR code for Coimbatore branch in coimbatur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Coimbatore and SCB 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 Standard Chartered Bank is typically in either of these two font’s: E-138 and CMC-7.