Indian Bank Madhavaram Thiruvallur Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Madhavaram Thiruvallur Tamil Nadu

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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	Ind Msme Perambur
Contact	9445866894
Bank Details	Indian Bank Ind Msme Perambur IDIB000I058

Location	Madhavaram, Thiruvallur
City	Madhavaram
District	Thiruvallur
State	Tamil Nadu
Pincode	600011
Country	IN
Address	34/1, madhavaram high road, perambur, chennai, tamil nadu, pin-600011

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

A total of 2 branches of Indian Bank are available with micr code -

>>Ind Msme Perambur >>Madhavaram

MICR code for Indian Bank Ind Msme Perambur

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 Ind Msme Perambur 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 Ind Msme Perambur branch. MICR code for Ind Msme Perambur 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 Ind Msme Perambur is presented in the table alongside.

Use of Indian Bank MICR code for Ind Msme Perambur branch in madhavaram

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ind Msme Perambur 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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