Indian Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Chennai Chennai Tamil Nadu

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ashok Nagar
Contact 044 24892696
Bank Details Indian Bank Ashok Nagar IDIB000A031
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600083
Country IN
Address 69 first avenue ashok nagar chennai 600083
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 600019005 for Ashok Nagar 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 600019005 of Indian Bank, Ashok Nagar branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Ashok Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 147 branches of Indian Bank are available with micr code -

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MICR code for Indian Bank Ashok Nagar

Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indian Bank MICR code for Ashok Nagar 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. 600019005 is the MICR code of Indian Bank for Ashok Nagar branch. MICR code for Ashok Nagar 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 Indian Bank Ashok Nagar is presented in the table alongside.

Use of Indian Bank MICR code for Ashok Nagar branch in chennai

The MICR code 600019005 is used in RBI cheque clearing process to identify the branch Ashok Nagar and Indian 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 Indian Bank is typically in either of these two font’s: E-138 and CMC-7.

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