Indian Bank Maripeda Warangal Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Maripeda Warangal Andhra Pradesh

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MICR Code	506019102
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Jayyaram
Contact	8719200009
Bank Details	Indian Bank Jayyaram IDIB000J050

Location	Maripeda, Warangal
City	Maripeda
District	Warangal
State	Andhra Pradesh
Pincode	506104
Country	IN
Address	Do.no.5-207/1 jayyaram maripeda mandal warangal andhra pradesh - 506104

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 506019102 for Jayyaram 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 506019102 of Indian Bank, Jayyaram branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Jayyaram 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 -

>>Jayyaram

MICR code for Indian Bank Jayyaram

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 Jayyaram 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. 506019102 is the MICR code of Indian Bank for Jayyaram branch. MICR code for Jayyaram 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 Jayyaram is presented in the table alongside.

Use of Indian Bank MICR code for Jayyaram branch in maripeda

The MICR code 506019102 is used in RBI cheque clearing process to identify the branch Jayyaram 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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