Indian Bank Pondicherry Pondicherry Pondicherry MICR CODE

Find MICR Codes for Indian Bank Pondicherry Pondicherry Pondicherry

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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	Madukarai
Contact	0413-2699466
Bank Details	Indian Bank Madukarai IDIB000M183

Location	Pondicherry, Pondicherry
City	Pondicherry
District	Pondicherry
State	Pondicherry
Pincode	605106
Country	IN
Address	No 6 reddiar street madukarai post pondicherry

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

A total of 16 branches of Indian Bank are available with micr code -

>>Bussy Street Puducherry Town >>Hundred Feet Road >>Ind Retail Vertical Puducherry >>Kamaraj Salai >>Karayamputhur >>Koodapakkam >>Madukarai >>Microsate Branch Puducherry >>Mudaliarpet >>Pattur >>Pbgb Pondicherry >>Pondicherry Main >>Pondicherry University >>Pudukadai >>Reddiyarpalayam >>Uppuvelur

MICR code for Indian Bank Madukarai

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 Madukarai 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 Madukarai branch. MICR code for Madukarai 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 Madukarai is presented in the table alongside.

Use of Indian Bank MICR code for Madukarai branch in pondicherry

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