Indian Bank Narasampet Warangal Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Narasampet Warangal Andhra Pradesh

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MICR Code	506019009
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kothaguda
Contact	0818 250305
Bank Details	Indian Bank Kothaguda IDIB000K084

Location	Narasampet, Warangal
City	Narasampet
District	Warangal
State	Andhra Pradesh
Pincode	506135
Country	IN
Address	Kothaguda (via) narasampet warangal 506135

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 506019009 for Kothaguda 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 506019009 of Indian Bank, Kothaguda branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Kothaguda 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 -

>>Kothaguda

MICR code for Indian Bank Kothaguda

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 Kothaguda 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. 506019009 is the MICR code of Indian Bank for Kothaguda branch. MICR code for Kothaguda 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 Kothaguda is presented in the table alongside.

Use of Indian Bank MICR code for Kothaguda branch in narasampet

The MICR code 506019009 is used in RBI cheque clearing process to identify the branch Kothaguda 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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