Indian Bank Salem Salem Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Salem Salem 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 Salem
Contact	4272440200
Bank Details	Indian Bank Ind Msme Salem IDIB000I059

Location	Salem, Salem
City	Salem
District	Salem
State	Tamil Nadu
Pincode	636016
Country	IN
Address	Plot no.17a, greenways road, fairlands, salem, salem dist, tamilnadu, pin-636016

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

A total of 18 branches of Indian Bank are available with micr code -

>>Fairlands Main Road >>Gugai >>Ind Msme Salem >>Ind Retail Processing Centre Salem >>Jarikondalampatti >>Microsate Branch Salem >>Naal Road >>Periyaseeragapadi >>Plgb Salem >>Rapc Salem >>Salem >>Salem Fort >>Salem Junction >>Salem Main >>Seelanaickenpatti >>Shevapet >>Sivadhapuram >>Surapalli

MICR code for Indian Bank Ind Msme Salem

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

Use of Indian Bank MICR code for Ind Msme Salem branch in salem

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