Catholic Syrian Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Catholic Syrian Bank Chennai Chennai Tamil Nadu

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MICR Code
Bank Catholic Syrian Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ifb Chennai
Contact 044-28411809
Bank Details Catholic Syrian Bank Ltd Ifb Chennai CSBK0000259
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600002
Country IN
Address 826,tarapore towers,mount road,chennai - 600 002
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 600047008 for Ifb Chennai 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 600047008 of CSB Bank, Ifb Chennai branch makes the system almost error free and faster. Use of CSB Bank MICR codes for Ifb Chennai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Catholic Syrian Bank Ifb Chennai

Catholic Syrian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. CSB Bank MICR code for Ifb Chennai 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. 600047008 is the MICR code of Syrian Bank for Ifb Chennai branch. MICR code for Ifb Chennai 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 CSB Bank Ifb Chennai is presented in the table alongside.

Use of CSB Bank MICR code for Ifb Chennai branch in chennai

The MICR code 600047008 is used in RBI cheque clearing process to identify the branch Ifb Chennai and CSB 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 Syrian Bank is typically in either of these two font’s: E-138 and CMC-7.

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