Bandhan Bank Indore Shajapur Madhya Pradesh MICR CODE

Find MICR Codes for Bandhan Bank Indore Shajapur Madhya Pradesh

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MICR Code	465750051
Bank	Bandhan Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shujalpur
Contact	66090909
Bank Details	Bandhan Bank Limited Shujalpur BDBL0001501

Location	Indore, Shajapur
City	Indore
District	Shajapur
State	Madhya Pradesh
Pincode	465333
Country	IN
Address	Plot no.32,ward no 15,shastri marg,p.o.shujalpur,madhya pradesh,pin 465333

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 465750051 for Shujalpur 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 465750051 of Bandhan Bank Ltd, Shujalpur branch makes the system almost error free and faster. Use of Bandhan Bank Ltd MICR codes for Shujalpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bandhan Bank Limited are available with micr code -

>>Shujalpur

MICR code for Bandhan Bank Shujalpur

Bandhan Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bandhan Bank Ltd MICR code for Shujalpur 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. 465750051 is the MICR code of Bandhan Bank for Shujalpur branch. MICR code for Shujalpur 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 Bandhan Bank Ltd Shujalpur is presented in the table alongside.

Use of Bandhan Bank Ltd MICR code for Shujalpur branch in indore

The MICR code 465750051 is used in RBI cheque clearing process to identify the branch Shujalpur and Bandhan Bank Ltd 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 Bandhan Bank is typically in either of these two font’s: E-138 and CMC-7.

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