Indian Bank Ariyoor Pondicherry Pondicherry MICR CODE

Find MICR Codes for Indian Bank Ariyoor Pondicherry Pondicherry

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MICR Code	605019503
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Madagadipet
Contact	0413 2640964
Bank Details	Indian Bank Madagadipet IDIB000M203

Location	Ariyoor, Pondicherry
City	Ariyoor
District	Pondicherry
State	Pondicherry
Pincode	605107
Country	IN
Address	R s no 2/3b pondy villupuram main road madagadipet

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 605019503 for Madagadipet 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 605019503 of Indian Bank, Madagadipet branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Madagadipet branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indian Bank are available with micr code -

>>Ariyoor >>Madagadipet

MICR code for Indian Bank Madagadipet

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 Madagadipet 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. 605019503 is the MICR code of Indian Bank for Madagadipet branch. MICR code for Madagadipet 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 Madagadipet is presented in the table alongside.

Use of Indian Bank MICR code for Madagadipet branch in ariyoor

The MICR code 605019503 is used in RBI cheque clearing process to identify the branch Madagadipet 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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