Indian Bank Bhilainagar Durg Chhattisgarh MICR CODE

Find MICR Codes for Indian Bank Bhilainagar Durg Chhattisgarh

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MICR Code	490019006
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bhilai
Contact	0788 2355921
Bank Details	Indian Bank Bhilai IDIB000B048

Location	Bhilainagar, Durg
City	Bhilainagar
District	Durg
State	Chhattisgarh
Pincode	490006
Country	IN
Address	Plot no 6 b market sector 6 bhilai 490006

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 490019006 for Bhilai 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 490019006 of Indian Bank, Bhilai branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Bhilai 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 -

>>Bhilai

MICR code for Indian Bank Bhilai

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 Bhilai 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. 490019006 is the MICR code of Indian Bank for Bhilai branch. MICR code for Bhilai 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 Bhilai is presented in the table alongside.

Use of Indian Bank MICR code for Bhilai branch in bhilainagar

The MICR code 490019006 is used in RBI cheque clearing process to identify the branch Bhilai 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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