Indian Bank Purbi Champaran Madhubani Bihar MICR CODE

Find MICR Codes for Indian Bank Purbi Champaran Madhubani Bihar

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MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Madhubani Ghat
Contact	0
Bank Details	Indian Bank Madhubani Ghat IDIB000M524

Location	Purbi Champaran, Madhubani
City	Purbi Champaran
District	Madhubani
State	Bihar
Pincode
Country	IN
Address	Madhubani ghat e champaran near panitanki madhubani ghat post madhu madhubanighat

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 0 for Madhubani Ghat 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 0 of Indian Bank, Madhubani Ghat branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Madhubani Ghat 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 -

>>Madhubani Ghat

MICR code for Indian Bank Madhubani Ghat

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 Madhubani Ghat 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. 0 is the MICR code of Indian Bank for Madhubani Ghat branch. MICR code for Madhubani Ghat 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 Madhubani Ghat is presented in the table alongside.

Use of Indian Bank MICR code for Madhubani Ghat branch in purbi champaran

The MICR code 0 is used in RBI cheque clearing process to identify the branch Madhubani Ghat 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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