Indian Bank Mohali Sas Nagar Punjab MICR CODE

Find MICR Codes for Indian Bank Mohali Sas Nagar Punjab

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District
City
Branch
Address

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	Isb Mohali Campus
Contact	8427688011
Bank Details	Indian Bank Isb Mohali Campus IDIB000I085

Location	Mohali, Sas Nagar
City	Mohali
District	Sas Nagar
State	Punjab
Pincode	140306
Country	IN
Address	Indian school of business knowledge city, sector-81, mohali, sas nagar dist, punjab, pin-140306

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

A total of 1 branches of Indian Bank are available with micr code -

>>Isb Mohali Campus

MICR code for Indian Bank Isb Mohali Campus

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 Isb Mohali Campus 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 Isb Mohali Campus branch. MICR code for Isb Mohali Campus 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 Isb Mohali Campus is presented in the table alongside.

Use of Indian Bank MICR code for Isb Mohali Campus branch in mohali

The MICR code 0 is used in RBI cheque clearing process to identify the branch Isb Mohali Campus 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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