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	500019026
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Moosapet
Contact	040 23813471
Bank Details	Indian Bank Moosapet IDIB000M160

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500018
Country	IN
Address	Inland container depot, container corporation of india, sanath nagar hyderabad – 500 018

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 500019026 for Moosapet 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 500019026 of Indian Bank, Moosapet branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Moosapet 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 Moosapet

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 Moosapet 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. 500019026 is the MICR code of Indian Bank for Moosapet branch. MICR code for Moosapet 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 Moosapet is presented in the table alongside.

Use of Indian Bank MICR code for Moosapet branch in hyderabad

The MICR code 500019026 is used in RBI cheque clearing process to identify the branch Moosapet 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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