ING Vysya Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for ING Vysya Bank Delhi New Delhi New Delhi

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MICR Code
Bank Ing Vysya Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Asset Recovery Management Delhi
Contact Rtgshelpdesk@ingvysyabank.Com
Bank Details Ing Vysya Bank Ltd Asset Recovery Management Delhi VYSA0005720
Location Delhi, New Delhi
City Delhi
District New Delhi
State New Delhi
Pincode 110005
Country IN
Address 871 east park road karolbagh new delhi - 110 005
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 Asset Recovery Management Delhi 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 ING Vysya, Asset Recovery Management Delhi branch makes the system almost error free and faster. Use of ING Vysya MICR codes for Asset Recovery Management Delhi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ING Vysya Bank Asset Recovery Management Delhi

ING Vysya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ING Vysya MICR code for Asset Recovery Management Delhi 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 ING Bank for Asset Recovery Management Delhi branch. MICR code for Asset Recovery Management Delhi 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 ING Vysya Asset Recovery Management Delhi is presented in the table alongside.

Use of ING Vysya MICR code for Asset Recovery Management Delhi branch in delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Asset Recovery Management Delhi and ING Vysya 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 ING Bank is typically in either of these two font’s: E-138 and CMC-7.

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