Indian Bank Bangalore Bangalore Karnataka MICR CODE

Find MICR Codes for Indian Bank Bangalore Bangalore Karnataka

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MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Electronic City Phase Two
Contact	80-9632021298
Bank Details	Indian Bank Electronic City Phase Two IDIB000E049

Location	Bangalore, Bangalore
City	Bangalore
District	Bangalore
State	Karnataka
Pincode	560100
Country	IN
Address	110 & 112, ground floor, vijay icon apartment, ananth nagar road, electronic city pahse 2, bangalore 560100

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 Electronic City Phase Two 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, Electronic City Phase Two branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Electronic City Phase Two branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Indian Bank are available with micr code -

>>Brookfield Branch Bangalore >>Btm Layout Bangalore >>Electronic City Phase Two >>Kr Puram

MICR code for Indian Bank Electronic City Phase Two

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 Electronic City Phase Two 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 Electronic City Phase Two branch. MICR code for Electronic City Phase Two 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 Electronic City Phase Two is presented in the table alongside.

Use of Indian Bank MICR code for Electronic City Phase Two branch in bangalore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Electronic City Phase Two 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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