Indian Bank Boudh Boudh Orissa MICR CODE

Find MICR Codes for Indian Bank Boudh Boudh Orissa

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MICR Code	762019006
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Boudh
Contact	06841 222034
Bank Details	Indian Bank Boudh IDIB000B046

Location	Boudh, Boudh
City	Boudh
District	Boudh
State	Orissa
Pincode	762014
Country	IN
Address	Pwd road boudh 762014

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 762019006 for Boudh 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 762019006 of Indian Bank, Boudh branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Boudh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indian Bank are available with micr code -

>>Badhigaon >>Boudh

MICR code for Indian Bank Boudh

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 Boudh 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. 762019006 is the MICR code of Indian Bank for Boudh branch. MICR code for Boudh 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 Boudh is presented in the table alongside.

Use of Indian Bank MICR code for Boudh branch in boudh

The MICR code 762019006 is used in RBI cheque clearing process to identify the branch Boudh 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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