South Indian Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for South Indian Bank Bangalore Bangalore Urban Karnataka

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MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bangalore Jayanagar
Contact Baboo Anto, Chief Manager 080-6530214
Bank Details South Indian Bank Bangalore Jayanagar SIBL0000151
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560011
Country IN
Address Bangalore jayanagar branch,28th cross,10th main ,4th block , bangalore, karnataka , pin-560011
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 560059008 for Bangalore Jayanagar 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 560059008 of South Indian Bank, Bangalore Jayanagar branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Bangalore Jayanagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for South Indian Bank Bangalore Jayanagar

South Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. South Indian Bank MICR code for Bangalore Jayanagar 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. 560059008 is the MICR code of South Indian Bank for Bangalore Jayanagar branch. MICR code for Bangalore Jayanagar 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 South Indian Bank Bangalore Jayanagar is presented in the table alongside.

Use of South Indian Bank MICR code for Bangalore Jayanagar branch in bangalore

The MICR code 560059008 is used in RBI cheque clearing process to identify the branch Bangalore Jayanagar and South 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 South Indian Bank is typically in either of these two font’s: E-138 and CMC-7.

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