Indian Bank Bokaro Bokaro Jharkhand MICR CODE

Find MICR Codes for Indian Bank Bokaro Bokaro Jharkhand

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chas Gurudwara Guru Singh Sahib
Contact 0
Bank Details Indian Bank Chas Gurudwara Guru Singh Sahib IDIB000C555
Location Bokaro, Bokaro
City Bokaro
District Bokaro
State Jharkhand
Pincode
Country IN
Address Dhanbad-purulia road gurudwara chas chas
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 0 for Chas Gurudwara Guru Singh Sahib 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 0 of Indian Bank, Chas Gurudwara Guru Singh Sahib branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Chas Gurudwara Guru Singh Sahib branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Chas Gurudwara Guru Singh Sahib

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 Chas Gurudwara Guru Singh Sahib 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. 0 is the MICR code of Indian Bank for Chas Gurudwara Guru Singh Sahib branch. MICR code for Chas Gurudwara Guru Singh Sahib 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 Chas Gurudwara Guru Singh Sahib is presented in the table alongside.

Use of Indian Bank MICR code for Chas Gurudwara Guru Singh Sahib branch in bokaro

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chas Gurudwara Guru Singh Sahib 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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