MICR Code Bank
Find MICR code for Tamilnad Mercantile Bank branches in India for NEFT and RTGS transfer

Tamilnad Mercantile Bank MICR CODE

Find MICR Codes for Tamilnad Mercantile Bank

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  1. Tamilnad Mercantile Bank Ltd »
  2. Tamil Nadu »
  3. madurai »
  4. madurai »
  5. othakadai

Find MICR Codes for Tamilnad Mercantile Bank

MICR Code: -NA-
Bank: Tamilnad Mercantile Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Othakadai
Contact: 452-8925813564
Bank Details: Tamilnad Mercantile Bank Ltd Othakadai TMBL0000522
Location: Madurai, Madurai
City: Madurai
District: Madurai
State: Tamil Nadu
Pincode: 625107
Country: IN
Address: Ground floor plot no1 and 2 aysha garden rajakambiram village, othakadai panchayat,madurai 625107

How does MICR code for 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 of TMB Bank, branch makes the system almost error free and faster. Use of TMB Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Tamilnad Mercantile Bank

Tamilnad Mercantile Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. TMB Bank MICR code for 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. is the MICR code of Tamilnad Bank for branch. MICR code for 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 TMB Bank is presented in the table alongside.

Use of TMB Bank MICR code for branch in madurai

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