Indian Bank Vadodara Vadodara Gujarat MICR CODE

Find MICR Codes for Indian Bank Vadodara Vadodara Gujarat

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ind Msme Vadodara
Contact 2437973
Bank Details Indian Bank Ind Msme Vadodara IDIB000I074
Location Vadodara, Vadodara
City Vadodara
District Vadodara
State Gujarat
Pincode 391101
Country IN
Address N z plaza, near tower charrasta, gheekanta road, raopura, vadodara dist, gujarat, pin-390001
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 390019010 for Ind Msme Vadodara 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 390019010 of Indian Bank, Ind Msme Vadodara branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Ind Msme Vadodara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Indian Bank are available with micr code -

>>Alkapuri >>Baroda >>Baroda Ajwa Road >>Fateh Gunj >>Gotri Road (Baroda) >>Ind Msme Vadodara >>Karelibagh >>Makarpura >>New Alkapuri

MICR code for Indian Bank Ind Msme Vadodara

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 Vadodara 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. 390019010 is the MICR code of Indian Bank for Ind Msme Vadodara branch. MICR code for Ind Msme Vadodara 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 Vadodara is presented in the table alongside.

Use of Indian Bank MICR code for Ind Msme Vadodara branch in vadodara

The MICR code 390019010 is used in RBI cheque clearing process to identify the branch Ind Msme Vadodara 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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