Indian Bank Srikakulam Srikakulam Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Srikakulam Srikakulam Andhra Pradesh

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MICR Code	532019958
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ichapuram
Contact	8947232600
Bank Details	Indian Bank Ichapuram IDIB000I071

Location	Srikakulam, Srikakulam
City	Srikakulam
District	Srikakulam
State	Andhra Pradesh
Pincode	532312
Country	IN
Address	D no 14-2-5 dasannapeta junction ichapuram srikakulam andhra pradesh pin-532312

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 532019958 for Ichapuram 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 532019958 of Indian Bank, Ichapuram branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Ichapuram branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Indian Bank are available with micr code -

>>Ichapuram >>Old Bus Stand >>Srikakulam >>Srikakulam >>Tekkali

MICR code for Indian Bank Ichapuram

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 Ichapuram 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. 532019958 is the MICR code of Indian Bank for Ichapuram branch. MICR code for Ichapuram 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 Ichapuram is presented in the table alongside.

Use of Indian Bank MICR code for Ichapuram branch in srikakulam

The MICR code 532019958 is used in RBI cheque clearing process to identify the branch Ichapuram 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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