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 Padi
Contact 044-26257481
Bank Details Catholic Syrian Bank Ltd Padi CSBK0000305
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600050
Country IN
Address Door no 32 , 1st main road,olympic colony.padi ,chennai 600 050
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 600047011 for Padi 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 600047011 of CSB Bank, Padi branch makes the system almost error free and faster. Use of CSB Bank MICR codes for Padi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Catholic Syrian Bank Padi

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 Padi 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. 600047011 is the MICR code of Syrian Bank for Padi branch. MICR code for Padi 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 Padi is presented in the table alongside.

Use of CSB Bank MICR code for Padi branch in chennai

The MICR code 600047011 is used in RBI cheque clearing process to identify the branch Padi 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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