Indian Bank Nadiad Kheda Gujarat MICR CODE

Find MICR Codes for Indian Bank Nadiad Kheda Gujarat

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MICR Code	387019007
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 Nadiad
Contact	0268 2557991
Bank Details	Indian Bank Microsate Nadiad IDIB000M167

Location	Nadiad, Kheda
City	Nadiad
District	Kheda
State	Gujarat
Pincode	387002
Country	IN
Address	P j road, western city building, nadiad, pin 387002

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 387019007 for Microsate Nadiad 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 387019007 of Indian Bank, Microsate Nadiad branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Microsate Nadiad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Indian Bank are available with micr code -

>>Microsate Nadiad >>Nadiad >>Pij Road

MICR code for Indian Bank Microsate Nadiad

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 Nadiad 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. 387019007 is the MICR code of Indian Bank for Microsate Nadiad branch. MICR code for Microsate Nadiad 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 Nadiad is presented in the table alongside.

Use of Indian Bank MICR code for Microsate Nadiad branch in nadiad

The MICR code 387019007 is used in RBI cheque clearing process to identify the branch Microsate Nadiad 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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