Indian Bank Pondicherry Pondicherry Pondicherry MICR CODE

Find MICR Codes for Indian Bank Pondicherry Pondicherry Pondicherry

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Karayamputhur
Contact 0413 2697283
Bank Details Indian Bank Karayamputhur IDIB000K172
Location Pondicherry, Pondicherry
City Pondicherry
District Pondicherry
State Pondicherry
Pincode 605106
Country IN
Address 7 drowpathyamman koil street karayamputhur puduchery 605106
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 605019080 for Karayamputhur 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 605019080 of Indian Bank, Karayamputhur branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Karayamputhur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Karayamputhur

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 Karayamputhur 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. 605019080 is the MICR code of Indian Bank for Karayamputhur branch. MICR code for Karayamputhur 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 Karayamputhur is presented in the table alongside.

Use of Indian Bank MICR code for Karayamputhur branch in pondicherry

The MICR code 605019080 is used in RBI cheque clearing process to identify the branch Karayamputhur 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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