Indian Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Hyderabad Hyderabad Andhra Pradesh

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MICR Code	500019041
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kondapur
Contact
Bank Details	Indian Bank Kondapur IDIB000K212

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Andhra Pradesh
Pincode	500084
Country	IN
Address	Plot no 3&4 ravi colony near kondapur "x" roads kondapur 500084

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 500019041 for Kondapur 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 500019041 of Indian Bank, Kondapur branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Kondapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Indian Bank are available with micr code -

>>Habsi Guda >>Karmnaghat >>Kompally >>Kondapur >>Marredpally >>Mcb Koti Hyderabad >>Mcn Hyderabad >>Pahadisheriff >>S R Nagar

MICR code for Indian Bank Kondapur

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 Kondapur 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. 500019041 is the MICR code of Indian Bank for Kondapur branch. MICR code for Kondapur 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 Kondapur is presented in the table alongside.

Use of Indian Bank MICR code for Kondapur branch in hyderabad

The MICR code 500019041 is used in RBI cheque clearing process to identify the branch Kondapur 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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