South Indian Bank Nigdi Pune Maharashtra MICR CODE

Find MICR Codes for South Indian Bank Nigdi Pune Maharashtra

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MICR Code	-NA-
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	Nigdi
Contact	Srijith B Nair , Ph : 022-22611209, 22658977
Bank Details	South Indian Bank Nigdi SIBL0000561

Location	Nigdi, Pune
City	Nigdi
District	Pune
State	Maharashtra
Pincode	411044
Country	IN
Address	Riddhe capital, s-11, sector no.26, adc pcntda, near sambahji chowk, nigdi pradhi karan

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 0 for Nigdi 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 0 of South Indian Bank, Nigdi branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Nigdi 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 -

>>Nigdi

MICR code for South Indian Bank Nigdi

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 Nigdi 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. 0 is the MICR code of South Indian Bank for Nigdi branch. MICR code for Nigdi 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 Nigdi is presented in the table alongside.

Use of South Indian Bank MICR code for Nigdi branch in nigdi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nigdi 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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