South Indian Bank Davangere Davanagare Karnataka MICR CODE

Find MICR Codes for South Indian Bank Davangere Davanagare Karnataka

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MICR Code	577059002
Bank	South Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Davengere
Contact	Thomas K.Manavalan, Senior Manager 08192-257654
Bank Details	South Indian Bank Davengere SIBL0000235

Location	Davangere, Davanagare
City	Davangere
District	Davanagare
State	Karnataka
Pincode	577001
Country	IN
Address	Davengere branch,rk maganahalli complex,294/5 ,chamarajapet, davengere, karnataka , pin-577001

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 577059002 for Davengere 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 577059002 of South Indian Bank, Davengere branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Davengere branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of South Indian Bank are available with micr code -

>>Davengere

MICR code for South Indian Bank Davengere

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 Davengere 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. 577059002 is the MICR code of South Indian Bank for Davengere branch. MICR code for Davengere 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 Davengere is presented in the table alongside.

Use of South Indian Bank MICR code for Davengere branch in davangere

The MICR code 577059002 is used in RBI cheque clearing process to identify the branch Davengere 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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