ING Vysya Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for ING Vysya Bank Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code
Bank Ing Vysya Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Banjara Hills
Contact Rtgshelpdesk@ingvysyabank.Com
Bank Details Ing Vysya Bank Ltd Banjara Hills VYSA0007370
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500034
Country IN
Address 8-2-120/76/1/b, road no 2 ashoka hi tech chambers banjara hills hyderabad - 500034.
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 500064016 for Banjara Hills 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 500064016 of ING Vysya, Banjara Hills branch makes the system almost error free and faster. Use of ING Vysya MICR codes for Banjara Hills branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ING Vysya Bank Banjara Hills

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 Banjara Hills 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. 500064016 is the MICR code of ING Bank for Banjara Hills branch. MICR code for Banjara Hills 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 Banjara Hills is presented in the table alongside.

Use of ING Vysya MICR code for Banjara Hills branch in hyderabad

The MICR code 500064016 is used in RBI cheque clearing process to identify the branch Banjara Hills 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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