Indian Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kalyan Nagar
Contact 040-23725960
Bank Details Indian Bank Kalyan Nagar IDIB000K167
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500045
Country IN
Address D. No.8-3-168/m/13, sri ram nagar,kalyan nagar – phase iii, yousufguda post,hyderabad – 500 045
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 500019025 for Kalyan Nagar 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 500019025 of Indian Bank, Kalyan Nagar branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Kalyan Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Kalyan Nagar

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 Kalyan Nagar 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. 500019025 is the MICR code of Indian Bank for Kalyan Nagar branch. MICR code for Kalyan Nagar 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 Kalyan Nagar is presented in the table alongside.

Use of Indian Bank MICR code for Kalyan Nagar branch in hyderabad

The MICR code 500019025 is used in RBI cheque clearing process to identify the branch Kalyan Nagar 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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