Indian Bank Gokak Belgaum Karnataka MICR CODE

Find MICR Codes for Indian Bank Gokak Belgaum Karnataka

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MICR Code	591019003
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hunshyal P.G.
Contact	08834 257201
Bank Details	Indian Bank Hunshyal P.G. IDIB000H033

Location	Gokak, Belgaum
City	Gokak
District	Belgaum
State	Karnataka
Pincode	591124
Country	IN
Address	Sathish sugars ltd complex sanganken yedwad road gokak taluk belgaum 591124

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 591019003 for Hunshyal P.G. 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 591019003 of Indian Bank, Hunshyal P.G. branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Hunshyal P.G. 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 -

>>Hunshyal P.G.

MICR code for Indian Bank Hunshyal P.G.

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 Hunshyal P.G. 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. 591019003 is the MICR code of Indian Bank for Hunshyal P.G. branch. MICR code for Hunshyal P.G. 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 Hunshyal P.G. is presented in the table alongside.

Use of Indian Bank MICR code for Hunshyal P.G. branch in gokak

The MICR code 591019003 is used in RBI cheque clearing process to identify the branch Hunshyal P.G. 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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