Indian Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Indian Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhavans Campus
Contact 022 26234829
Bank Details Indian Bank Bhavans Campus IDIB000B092
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400058
Country IN
Address Bhavan's campus munshi nagar andheri(w) mumbai 400 058
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 400019051 for Bhavans Campus 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 400019051 of Indian Bank, Bhavans Campus branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Bhavans Campus branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Bhavans Campus

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 Bhavans Campus 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. 400019051 is the MICR code of Indian Bank for Bhavans Campus branch. MICR code for Bhavans Campus 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 Bhavans Campus is presented in the table alongside.

Use of Indian Bank MICR code for Bhavans Campus branch in mumbai

The MICR code 400019051 is used in RBI cheque clearing process to identify the branch Bhavans Campus 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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