Indian Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Indian Bank Bhopal Bhopal Madhya Pradesh

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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	Mcb Bhopal
Contact	755-7004566405
Bank Details	Indian Bank Mcb Bhopal IDIB000M412

Location	Bhopal, Bhopal
City	Bhopal
District	Bhopal
State	Madhya Pradesh
Pincode
Country	IN
Address	Indian bank zonal office complex ground floor, c block, gautam nagar, bhopal, mp

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

A total of 27 branches of Indian Bank are available with micr code -

>>Ashoka Garden Bhopal >>Ayodhya Bypass Bhopal >>Bairagarh >>Bhel Township >>Bhopal >>Bhopal Arera Colony >>Bhopal Habibganj >>Bhopal Kolar Road >>Bhopal Kotwali Road >>Bhopal Mata Mandir >>Bhopal T T Nagar >>Campion School Bhopal >>Gautam Nagar Bhopal >>Gulmohar >>Hamidia Road >>Hamidia Road Bhopal >>Hindi Bhawan >>I I F M Bhopal >>Jehangirabad >>Kolua Kalan Bhopal >>M P Housing Board Paryavas Bhawan Bho >>M P Police Housing Corporation Branch Bhopal >>Mcb Bhopal >>Microsate Branch Bhopal >>Misroud >>Parwalia Sadak >>Royal Market Bhopal

MICR code for Indian Bank Mcb Bhopal

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 Mcb Bhopal 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 Mcb Bhopal branch. MICR code for Mcb Bhopal 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 Mcb Bhopal is presented in the table alongside.

Use of Indian Bank MICR code for Mcb Bhopal branch in bhopal

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