Tamilnad Mercantile Bank Gobichettipalayam Erode Tamil Nadu MICR CODE

Find MICR Codes for Tamilnad Mercantile Bank Gobichettipalayam Erode 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 Othakuthurai
Contact
Bank Details Tamilnad Mercantile Bank Ltd Othakuthurai TMBL0000268
Location Gobichettipalayam, Erode
City Gobichettipalayam
District Erode
State Tamil Nadu
Pincode 638455
Country IN
Address 240, gobi-erode main road, othakuthirai-638455. Erode district.
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 Othakuthurai 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 TMB Bank, Othakuthurai branch makes the system almost error free and faster. Use of TMB Bank MICR codes for Othakuthurai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Tamilnad Mercantile Bank Ltd are available with micr code -

>>Gobichettipalayam >>Othakuthurai

MICR code for Tamilnad Mercantile Bank Othakuthurai

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 Othakuthurai 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 Tamilnad Bank for Othakuthurai branch. MICR code for Othakuthurai 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 Othakuthurai is presented in the table alongside.

Use of TMB Bank MICR code for Othakuthurai branch in gobichettipalayam

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