Indian Bank Durg Durg Chhattisgarh MICR CODE

Find MICR Codes for Indian Bank Durg Durg Chhattisgarh

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Durg
Contact
Bank Details Indian Bank Durg IDIB000D066
Location Durg, Durg
City Durg
District Durg
State Chhattisgarh
Pincode 491001
Country IN
Address G e road ganjpara durg 491001
MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Durg
Contact 0
Bank Details Indian Bank Durg IDIB000D684
Location Durg, Durg
City Durg
District Durg
State Chhattisgarh
Pincode
Country IN
Address Station road bhargav bhawan shantarabdi station road durg
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 491019002 for Durg 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 491019002 of Indian Bank, Durg branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Durg branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Indian Bank are available with micr code -

>>Bhilai New Khursipur >>Durg >>Durg >>Durg Kaserdih >>Raipur Smriti Nagar Bhilai >>Supela Bhillai

MICR code for Indian Bank Durg

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 Durg 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. 491019002 is the MICR code of Indian Bank for Durg branch. MICR code for Durg 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 Durg is presented in the table alongside.

Use of Indian Bank MICR code for Durg branch in durg

The MICR code 491019002 is used in RBI cheque clearing process to identify the branch Durg 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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