South Indian Bank Thane Thane Maharashtra MICR CODE

Find MICR Codes for South Indian Bank Thane Thane Maharashtra

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MICR Code	400059006
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	Mumbra Branch
Contact	Nishat M.J., Manager 022-25469200
Bank Details	South Indian Bank Mumbra Branch SIBL0000309

Location	Thane, Thane
City	Thane
District	Thane
State	Maharashtra
Pincode	400612
Country	IN
Address	Mumbra branch, ground floor ,ravi co-op. Housing society ltd ,amrut nagar , mumbra-400 612 , maharashtra , pin-400612

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 400059006 for Mumbra Branch 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 400059006 of South Indian Bank, Mumbra Branch branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Mumbra Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of South Indian Bank are available with micr code -

>>Mumbra Branch >>Thane

MICR code for South Indian Bank Mumbra Branch

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 Mumbra Branch 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. 400059006 is the MICR code of South Indian Bank for Mumbra Branch branch. MICR code for Mumbra Branch 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 Mumbra Branch is presented in the table alongside.

Use of South Indian Bank MICR code for Mumbra Branch branch in thane

The MICR code 400059006 is used in RBI cheque clearing process to identify the branch Mumbra Branch 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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