Indian Bank Deoli Tonk Rajasthan MICR CODE

Find MICR Codes for Indian Bank Deoli Tonk Rajasthan

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Deoli
Contact 7073999873
Bank Details Indian Bank Deoli IDIB000D094
Location Deoli, Tonk
City Deoli
District Tonk
State Rajasthan
Pincode
Country IN
Address 33, saket colony opposite rawan chowk main road deoli deoli main road
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 304019003 for Deoli 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 304019003 of Indian Bank, Deoli branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Deoli 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 -

>>Deoli

MICR code for Indian Bank Deoli

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 Deoli 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. 304019003 is the MICR code of Indian Bank for Deoli branch. MICR code for Deoli 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 Deoli is presented in the table alongside.

Use of Indian Bank MICR code for Deoli branch in deoli

The MICR code 304019003 is used in RBI cheque clearing process to identify the branch Deoli 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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