Indian Bank Mandir Hasod Raipur Chhattisgarh MICR CODE

Find MICR Codes for Indian Bank Mandir Hasod Raipur Chhattisgarh

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mandir Hassaud
Contact 9968281728
Bank Details Indian Bank Mandir Hassaud IDIB000M292
Location Mandir Hasod, Raipur
City Mandir Hasod
District Raipur
State Chhattisgarh
Pincode 492101
Country IN
Address Goyal complex, nh6, bus stand chowk, mandir hassaud, raipur dist, chattisgarh, pin 492101
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 Mandir Hassaud 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, Mandir Hassaud branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Mandir Hassaud 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 -

>>Mandir Hassaud

MICR code for Indian Bank Mandir Hassaud

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 Mandir Hassaud 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 Mandir Hassaud branch. MICR code for Mandir Hassaud 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 Mandir Hassaud is presented in the table alongside.

Use of Indian Bank MICR code for Mandir Hassaud branch in mandir hasod

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