Indian Bank Mumbai Suburbans Mumbai Maharashtra MICR CODE

Find MICR Codes for Indian Bank Mumbai Suburbans Mumbai Maharashtra

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State
District
City
Branch
Address

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	Malad
Contact	0
Bank Details	Indian Bank Malad IDIB000M578

Location	Mumbai Suburbans, Mumbai
City	Mumbai Suburbans
District	Mumbai
State	Maharashtra
Pincode
Country	IN
Address	Mumbai laldas smruti 34 ramachandran lane s v rd malad w

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

A total of 11 branches of Indian Bank are available with micr code -

>>Andheri East >>Bandra E >>Bandra W >>Bkc >>Jogeshwari >>Juhu Vile Parle >>Kandivali >>Kandivali East >>Khar >>Malad >>Marol

MICR code for Indian Bank Malad

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

Use of Indian Bank MICR code for Malad branch in mumbai suburbans

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