Tamilnad Mercantile Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Tamilnad Mercantile Bank Chennai Chennai Tamil Nadu

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MICR Code
Bank Tamilnad Mercantile Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Medavakkam
Contact 044-22773960
Bank Details Tamilnad Mercantile Bank Ltd Medavakkam TMBL0000235
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600100
Country IN
Address 2-3-a velachery tambaram main roadmedavakkam, chennai – 600 100.
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 600060028 for Medavakkam 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 600060028 of TMB Bank, Medavakkam branch makes the system almost error free and faster. Use of TMB Bank MICR codes for Medavakkam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Tamilnad Mercantile Bank Medavakkam

Tamilnad Mercantile Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. TMB Bank MICR code for Medavakkam 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. 600060028 is the MICR code of Tamilnad Bank for Medavakkam branch. MICR code for Medavakkam 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 TMB Bank Medavakkam is presented in the table alongside.

Use of TMB Bank MICR code for Medavakkam branch in chennai

The MICR code 600060028 is used in RBI cheque clearing process to identify the branch Medavakkam and TMB 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 Tamilnad Bank is typically in either of these two font’s: E-138 and CMC-7.

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