Indian Bank New Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Indian Bank New Delhi Delhi New Delhi

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Delhi Cantt
Contact 0
Bank Details Indian Bank Delhi Cantt IDIB000D562
Location New Delhi, Delhi
City New Delhi
District Delhi
State New Delhi
Pincode
Country IN
Address Delhi cantt 1by304 sadar bazar delhi cantt
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 Delhi Cantt 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, Delhi Cantt branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Delhi Cantt branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Indian Bank are available with micr code -

>>Baroda House >>Delhi Cantt >>Delhi Mahipalpur >>Drm Office New Delhi >>Naraina New Delhi >>Pool Assetsdelhi >>Sam Delhi

MICR code for Indian Bank Delhi Cantt

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 Delhi Cantt 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 Delhi Cantt branch. MICR code for Delhi Cantt 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 Delhi Cantt is presented in the table alongside.

Use of Indian Bank MICR code for Delhi Cantt branch in new delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Delhi Cantt 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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