Indian Bank North West Delhi Hamidpur New Delhi MICR CODE

Find MICR Codes for Indian Bank North West Delhi Hamidpur New Delhi

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hamidpur
Contact 0
Bank Details Indian Bank Hamidpur IDIB000H522
Location North West Delhi, Hamidpur
City North West Delhi
District Hamidpur
State New Delhi
Pincode
Country IN
Address Near reliance tower house no 55 near main bus stand hamid pur
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 Hamidpur 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, Hamidpur branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Hamidpur 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 -

>>Hamidpur

MICR code for Indian Bank Hamidpur

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

Use of Indian Bank MICR code for Hamidpur branch in north west delhi

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