Indian Bank Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Indian Bank Hyderabad Hyderabad Telangana

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jubilee Hills
Contact 0
Bank Details Indian Bank Jubilee Hills IDIB000J626
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Telangana
Pincode
Country IN
Address Road no 653 plot no 1272 jubilee hills hyderabad
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 Jubilee Hills 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, Jubilee Hills branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Jubilee Hills branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Jubilee Hills

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 Jubilee Hills 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 Jubilee Hills branch. MICR code for Jubilee Hills 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 Jubilee Hills is presented in the table alongside.

Use of Indian Bank MICR code for Jubilee Hills branch in hyderabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Jubilee Hills 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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