Indian Bank Hubli Dharwad Dharwad Karnataka MICR CODE

Find MICR Codes for Indian Bank Hubli Dharwad Dharwad Karnataka

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MICR Code	580019006
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hubli
Contact	0836 2264523
Bank Details	Indian Bank Hubli IDIB000H015

Location	Hubli Dharwad, Dharwad
City	Hubli Dharwad
District	Dharwad
State	Karnataka
Pincode	580020
Country	IN
Address	101 sutaria complex koppikar road hubli 580020

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 580019006 for Hubli 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 580019006 of Indian Bank, Hubli branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Hubli branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Indian Bank are available with micr code -

>>Dharwad >>Hubli >>Old Hubli

MICR code for Indian Bank Hubli

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 Hubli 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. 580019006 is the MICR code of Indian Bank for Hubli branch. MICR code for Hubli 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 Hubli is presented in the table alongside.

Use of Indian Bank MICR code for Hubli branch in hubli dharwad

The MICR code 580019006 is used in RBI cheque clearing process to identify the branch Hubli 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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