Indian Bank Bhagalpur Bangalore Bihar MICR CODE

Find MICR Codes for Indian Bank Bhagalpur Bangalore Bihar

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhagalpur Marwari College
Contact 0
Bank Details Indian Bank Bhagalpur Marwari College IDIB000M648
Location Bhagalpur, Bangalore
City Bhagalpur
District Bangalore
State Bihar
Pincode
Country IN
Address Bhagalpur university road campus of marwari college bhagalpur
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 Bhagalpur Marwari College 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, Bhagalpur Marwari College branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Bhagalpur Marwari College branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Indian Bank are available with micr code -

>>Bhagalpur >>Bhagalpur Marwari College >>Bhagalpur University >>Ntpc Township Kahalgaon

MICR code for Indian Bank Bhagalpur Marwari College

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 Bhagalpur Marwari College 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 Bhagalpur Marwari College branch. MICR code for Bhagalpur Marwari College 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 Bhagalpur Marwari College is presented in the table alongside.

Use of Indian Bank MICR code for Bhagalpur Marwari College branch in bhagalpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bhagalpur Marwari College 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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