Tamilnadu State Co Op Bank nilgiris MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Tamilnadu State Apex Cooperative Bank MICR codes list for nilgiris, one can further search by branch name specified in the table. You can find MICR codes for all Tamilnadu State Co Op Bank nilgiris branches.
Tamilnadu State Co Op Bank MICR code is a character recognition technology used by banks in the processing of cheques. Tamilnadu State Apex Cooperative Bank MICR code for nilgiris branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for TNSC Bank branches in nilgiris, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.
In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Tamilnadu State Co Op Bank nilgiris branch, sprinted 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. Thus MICR code for Tamilnadu State Apex Cooperative Bank nilgiris branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of TNSC Bank MICR codes for nilgiris branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!