Indian Bank Challapalli East Godavari Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Challapalli East Godavari Andhra Pradesh

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Challapalli
Contact 08856 256550
Bank Details Indian Bank Challapalli IDIB000C050
Location Challapalli, East Godavari
City Challapalli
District East Godavari
State Andhra Pradesh
Pincode 533503
Country IN
Address 7/151 main road challapalli 533503
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 533019004 for Challapalli 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 533019004 of Indian Bank, Challapalli branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Challapalli 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 -

>>Challapalli

MICR code for Indian Bank Challapalli

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 Challapalli 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. 533019004 is the MICR code of Indian Bank for Challapalli branch. MICR code for Challapalli 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 Challapalli is presented in the table alongside.

Use of Indian Bank MICR code for Challapalli branch in challapalli

The MICR code 533019004 is used in RBI cheque clearing process to identify the branch Challapalli 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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