Indian Bank Asifnagar Karim Nagar Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Asifnagar Karim Nagar Andhra Pradesh

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MICR Code	505019008
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Asif Nagar
Contact	0878 2289226
Bank Details	Indian Bank Asif Nagar IDIB000A084

Location	Asifnagar, Karim Nagar
City	Asifnagar
District	Karim Nagar
State	Andhra Pradesh
Pincode	505401
Country	IN
Address	Main raod, asif nagar, karimnagar dist., pin 505401

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 505019008 for Asif 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 505019008 of Indian Bank, Asif Nagar branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Asif Nagar 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 -

>>Asif Nagar

MICR code for Indian Bank Asif 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 Asif 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. 505019008 is the MICR code of Indian Bank for Asif Nagar branch. MICR code for Asif 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 Asif Nagar is presented in the table alongside.

Use of Indian Bank MICR code for Asif Nagar branch in asifnagar

The MICR code 505019008 is used in RBI cheque clearing process to identify the branch Asif 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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