Indian Bank Hailakandi Hailakandi Assam MICR CODE

Find MICR Codes for Indian Bank Hailakandi Hailakandi Assam

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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	Hailakandi
Contact	0
Bank Details	Indian Bank Hailakandi IDIB000H508

Location	Hailakandi, Hailakandi
City	Hailakandi
District	Hailakandi
State	Assam
Pincode
Country	IN
Address	Vivekananda road ward no 12 near town hall near town hall

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

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

>>Hailakandi

MICR code for Indian Bank Hailakandi

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 Hailakandi 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 Hailakandi branch. MICR code for Hailakandi 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 Hailakandi is presented in the table alongside.

Use of Indian Bank MICR code for Hailakandi branch in hailakandi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Hailakandi 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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