Indian Bank Coimbatore Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Coimbatore Coimbatore Tamil Nadu

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MICR Code	641019054
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Saibaba Colony
Contact	0422-2442401
Bank Details	Indian Bank Saibaba Colony IDIB000S228

Location	Coimbatore, Coimbatore
City	Coimbatore
District	Coimbatore
State	Tamil Nadu
Pincode	641011
Country	IN
Address	Amn towers, no.34, nsr road, saibaba colony, coimbatore, tamil nadu, pin - 641 011

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 641019054 for Saibaba Colony 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 641019054 of Indian Bank, Saibaba Colony branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Saibaba Colony branch, makes the characters readable even if there are other marks and stamps on it.

A total of 12 branches of Indian Bank are available with micr code -

>>Cheran Managar >>Coimbatore >>Coimbatore Airport >>Irb Coimbatore >>K G Hospital Complex >>Kovaipudur >>Mcb Coimbatore >>Mcb Tnagar >>Microsate Coimbatore >>Saibaba Colony >>Sme Coimbatore >>Velandipalayam Coimbatore

MICR code for Indian Bank Saibaba Colony

Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indian Bank MICR code for Saibaba Colony 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. 641019054 is the MICR code of Indian Bank for Saibaba Colony branch. MICR code for Saibaba Colony 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 Indian Bank Saibaba Colony is presented in the table alongside.

Use of Indian Bank MICR code for Saibaba Colony branch in coimbatore

The MICR code 641019054 is used in RBI cheque clearing process to identify the branch Saibaba Colony and Indian 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 Indian Bank is typically in either of these two font’s: E-138 and CMC-7.

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