Indian Bank Vijayawada Krishna Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Vijayawada Krishna Andhra Pradesh

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MICR Code	520019003
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Gandhinagar
Contact	0866 2577835
Bank Details	Indian Bank Gandhinagar IDIB000G001

Location	Vijayawada, Krishna
City	Vijayawada
District	Krishna
State	Andhra Pradesh
Pincode	520003
Country	IN
Address	Pb no. 551,26-2-36b andhrarathna road vijayawada 520003

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 520019003 for Gandhinagar 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 520019003 of Indian Bank, Gandhinagar branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Gandhinagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Indian Bank are available with micr code -

>>Gandhinagar >>Governorpet >>Gurunanak Nagar >>Ind Msme Vijayawada >>M M Padu >>Microsat Vijayawada >>Mogalrajapuram >>Ramavarappadu >>Suryaraopet >>Vijayawada

MICR code for Indian Bank Gandhinagar

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 Gandhinagar 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. 520019003 is the MICR code of Indian Bank for Gandhinagar branch. MICR code for Gandhinagar 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 Gandhinagar is presented in the table alongside.

Use of Indian Bank MICR code for Gandhinagar branch in vijayawada

The MICR code 520019003 is used in RBI cheque clearing process to identify the branch Gandhinagar 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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