Indian Bank Ashoknagar Ashok Nagar Madhya Pradesh MICR CODE

Find MICR Codes for Indian Bank Ashoknagar Ashok Nagar Madhya Pradesh

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MICR Code	473019076
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ashok Nagar M.P.
Contact	7543222266
Bank Details	Indian Bank Ashok Nagar M.P. IDIB000A206

Location	Ashoknagar, Ashok Nagar
City	Ashoknagar
District	Ashok Nagar
State	Madhya Pradesh
Pincode
Country	IN
Address	Near mithulal hansrasj pertolpump milan tiraha, vidisha road, ashok nagar

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 473019076 for Ashok Nagar M.P. 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 473019076 of Indian Bank, Ashok Nagar M.P. branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Ashok Nagar M.P. branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Ashok Nagar M.P.

MICR code for Indian Bank Ashok Nagar M.P.

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 M.P. 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. 473019076 is the MICR code of Indian Bank for Ashok Nagar M.P. branch. MICR code for Ashok Nagar M.P. 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 M.P. is presented in the table alongside.

Use of Indian Bank MICR code for Ashok Nagar M.P. branch in ashoknagar

The MICR code 473019076 is used in RBI cheque clearing process to identify the branch Ashok Nagar M.P. 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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