Indian Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code	500019027
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Microsate Hyderabad
Contact	040-23743441
Bank Details	Indian Bank Microsate Hyderabad IDIB000M171

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500038
Country	IN
Address	8-3-222 tharuni complex vengalrao nagar ameerpet hyderabad 500038

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 500019027 for Microsate Hyderabad 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 500019027 of Indian Bank, Microsate Hyderabad branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Microsate Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 21 branches of Indian Bank are available with micr code -

>>Banjara Hills >>Barkatpura >>Begum Bazaar >>Begumpet >>Corporate Branch Hyderabad >>Darul Shafa >>Dilsukh Nagar >>Falaknuma >>Gachi Bowli >>Himayat Nagar >>Hyderabad Main >>Kakateeya Nagar >>Kalyan Nagar >>Kukatpally >>Microsate Hyderabad >>Moosapet >>Narayanaguda >>New Nallakunta >>Osmangunj >>Ramnagar Cross Road >>Srinagar Colony

MICR code for Indian Bank Microsate Hyderabad

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 Microsate Hyderabad 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. 500019027 is the MICR code of Indian Bank for Microsate Hyderabad branch. MICR code for Microsate Hyderabad 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 Microsate Hyderabad is presented in the table alongside.

Use of Indian Bank MICR code for Microsate Hyderabad branch in hyderabad

The MICR code 500019027 is used in RBI cheque clearing process to identify the branch Microsate Hyderabad 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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