Indian Bank Mahbubabad Warangal Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Mahbubabad Warangal Andhra Pradesh

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mahaboobabad
Contact 08719 240001
Bank Details Indian Bank Mahaboobabad IDIB000M074
Location Mahbubabad, Warangal
City Mahbubabad
District Warangal
State Andhra Pradesh
Pincode 506101
Country IN
Address Mahabubabad 6-3/99/4, nehru street mahabubabad 506101
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.

Search Indian Bank MICR Codes in warangal

You can search through MICR Codes of Andhra Pradesh branches in mahbubabad of District warangal in Andhra Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Indian Bank are available with micr code -

>>Mahaboobabad

How to find MICR codes for Indian Bank in mahbubabad?

Indian Bank mahbubabad MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Indian Bank MICR codes list for mahbubabad, one can further search by branch name specified in the table. You can find MICR codes for all Indian Bank mahbubabad branches.

Indian Bank MICR code in mahbubabad

Indian Bank MICR code is a character recognition technology used by banks in the processing of cheques. Indian Bank MICR code for mahbubabad branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Indian Bank branches in mahbubabad, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Indian Bank MICR code for mahbubabad branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Indian Bank mahbubabad branch, sprinted 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. Thus MICR code for Indian Bank mahbubabad branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Indian Bank MICR codes for mahbubabad branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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