Indian Bank Nizamabad Bodhan Telangana MICR CODE

Find MICR Codes for Indian Bank Nizamabad Bodhan Telangana

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MICR Code	503019562
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bodhan
Contact	9491500256
Bank Details	Indian Bank Bodhan IDIB000B190

Location	Nizamabad, Bodhan
City	Nizamabad
District	Bodhan
State	Telangana
Pincode	503185
Country	IN
Address	4-2-363, x road, shakkar nagar, bodhan, nizamabad dist, telangana, pin-503185

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 503019562 for Bodhan 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 503019562 of Indian Bank, Bodhan branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Bodhan 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 -

>>Bodhan

MICR code for Indian Bank Bodhan

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 Bodhan 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. 503019562 is the MICR code of Indian Bank for Bodhan branch. MICR code for Bodhan 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 Bodhan is presented in the table alongside.

Use of Indian Bank MICR code for Bodhan branch in nizamabad

The MICR code 503019562 is used in RBI cheque clearing process to identify the branch Bodhan 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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