Indian Bank Faridabad Faridabad Haryana MICR CODE

Find MICR Codes for Indian Bank Faridabad Faridabad Haryana

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Faridabad
Contact 0129 2416970
Bank Details Indian Bank Faridabad IDIB000F001
Location Faridabad, Faridabad
City Faridabad
District Faridabad
State Haryana
Pincode 121001
Country IN
Address A-3/3, nehru ground faridabad (n i t) faridabad 121001
MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Faridabad
Contact 0
Bank Details Indian Bank Faridabad IDIB000N604
Location Faridabad, Faridabad
City Faridabad
District Faridabad
State Haryana
Pincode
Country IN
Address Faridabad plot no 5 n i t 5 faridabad
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 110019026 for Faridabad 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 110019026 of Indian Bank, Faridabad branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Faridabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Faridabad

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 Faridabad 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. 110019026 is the MICR code of Indian Bank for Faridabad branch. MICR code for Faridabad 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 Faridabad is presented in the table alongside.

Use of Indian Bank MICR code for Faridabad branch in faridabad

The MICR code 110019026 is used in RBI cheque clearing process to identify the branch Faridabad 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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