Indian Bank Namakkal Namakkal Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Namakkal Namakkal Tamil Nadu

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Indian Bank
Contact 91-9443941389
Bank Details Indian Bank Indian Bank IDIB000G146
Location Namakkal, Namakkal
City Namakkal
District Namakkal
State Tamil Nadu
Pincode 637003
Country IN
Address Namakkal medical college, m/s dean government medical college and hospital, namakkal groud floor - faculty block government medical college, siuvampatti(po), namakkal - 637003
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 Indian Bank 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, Indian Bank branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Indian Bank branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Indian Bank are available with micr code -

>>Indian Bank >>Mcb Namakkal >>Namakkal >>Namakkal >>Vadavathur >>Vagurampatti >>Vazhavandanadu

MICR code for Indian Bank Indian Bank

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

Use of Indian Bank MICR code for Indian Bank branch in namakkal

The MICR code 0 is used in RBI cheque clearing process to identify the branch Indian Bank 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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