Indian Bank Gajuwaka Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Gajuwaka Visakhapatnam Andhra Pradesh

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Old Gajuwaka
Contact 9182325844
Bank Details Indian Bank Old Gajuwaka IDIB000O031
Location Gajuwaka, Visakhapatnam
City Gajuwaka
District Visakhapatnam
State Andhra Pradesh
Pincode 530026
Country IN
Address 10-3-1/3/1,first floor n l p raju complex,beside green apple hotel,kailasa nagar,old gajuwaka,
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.

Search Indian Bank MICR Codes in visakhapatnam

You can search through MICR Codes of Andhra Pradesh branches in gajuwaka of District visakhapatnam in Andhra Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Indian Bank are available with micr code -

>>Old Gajuwaka

How to find MICR codes for Indian Bank in gajuwaka?

Indian Bank gajuwaka MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Indian Bank MICR codes list for gajuwaka, one can further search by branch name specified in the table. You can find MICR codes for all Indian Bank gajuwaka branches.

Indian Bank MICR code in gajuwaka

Indian Bank MICR code is a character recognition technology used by banks in the processing of cheques. Indian Bank MICR code for gajuwaka branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Indian Bank branches in gajuwaka, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Indian Bank MICR code for gajuwaka branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Indian Bank gajuwaka branch, sprinted 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. Thus MICR code for Indian Bank gajuwaka branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Indian Bank MICR codes for gajuwaka branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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