Indian Bank Fatehgarh Sahib Bassi Pathana Punjab MICR CODE

Find MICR Codes for Indian Bank Fatehgarh Sahib Bassi Pathana Punjab

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MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bassi Pathana
Contact	0
Bank Details	Indian Bank Bassi Pathana IDIB000B689

Location	Fatehgarh Sahib, Bassi Pathana
City	Fatehgarh Sahib
District	Bassi Pathana
State	Punjab
Pincode
Country	IN
Address	Old court road bassi pathana bassi pathana

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 Bassi Pathana 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 Indian Bank, Bassi Pathana branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Bassi Pathana 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 -

>>Bassi Pathana

MICR code for Indian Bank Bassi Pathana

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 Bassi Pathana 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 Indian Bank for Bassi Pathana branch. MICR code for Bassi Pathana 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 Bassi Pathana is presented in the table alongside.

Use of Indian Bank MICR code for Bassi Pathana branch in fatehgarh sahib

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bassi Pathana 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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