Indian Bank Haldipada Baleshwar Orissa MICR CODE

Find MICR Codes for Indian Bank Haldipada Baleshwar Orissa

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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	Haldipada
Contact	9437230118
Bank Details	Indian Bank Haldipada IDIB000H049

Location	Haldipada, Baleshwar
City	Haldipada
District	Baleshwar
State	Orissa
Pincode	756027
Country	IN
Address	Gram panchayat building, haldipada, balasore dist, odissa, pin-756027

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 Haldipada 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, Haldipada branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Haldipada 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 -

>>Haldipada

MICR code for Indian Bank Haldipada

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

Use of Indian Bank MICR code for Haldipada branch in haldipada

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