Indian Bank Choudwar Cuttak Orissa MICR CODE

Find MICR Codes for Indian Bank Choudwar Cuttak Orissa

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MICR Code	754019006
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Choudwar
Contact	0671 2492375
Bank Details	Indian Bank Choudwar IDIB000C027

Location	Choudwar, Cuttak
City	Choudwar
District	Cuttak
State	Orissa
Pincode	754017
Country	IN
Address	Kalinga chhak opp police station choudwar 754017

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 754019006 for Choudwar 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 754019006 of Indian Bank, Choudwar branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Choudwar 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 -

>>Choudwar

MICR code for Indian Bank Choudwar

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 Choudwar 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. 754019006 is the MICR code of Indian Bank for Choudwar branch. MICR code for Choudwar 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 Choudwar is presented in the table alongside.

Use of Indian Bank MICR code for Choudwar branch in choudwar

The MICR code 754019006 is used in RBI cheque clearing process to identify the branch Choudwar 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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