Indian Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Indian Bank Bangalore Bangalore Urban Karnataka

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch M.G.Road (Bangalore)
Contact 080-25582847, 25583435
Bank Details Indian Bank M.G.Road (Bangalore) IDIB000M050
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560001
Country IN
Address No.110,m.g.road, bangalore..560 001 phone no.
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 560019003 for M.G.Road (Bangalore) 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 560019003 of Indian Bank, M.G.Road (Bangalore) branch makes the system almost error free and faster. Use of Indian Bank MICR codes for M.G.Road (Bangalore) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank M.G.Road (Bangalore)

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 M.G.Road (Bangalore) 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. 560019003 is the MICR code of Indian Bank for M.G.Road (Bangalore) branch. MICR code for M.G.Road (Bangalore) 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 M.G.Road (Bangalore) is presented in the table alongside.

Use of Indian Bank MICR code for M.G.Road (Bangalore) branch in bangalore

The MICR code 560019003 is used in RBI cheque clearing process to identify the branch M.G.Road (Bangalore) 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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