Indian Bank Movva Krishna Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Movva Krishna Andhra Pradesh

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MICR Code	521019024
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Movva
Contact	08671 252432
Bank Details	Indian Bank Movva IDIB000M043

Location	Movva, Krishna
City	Movva
District	Krishna
State	Andhra Pradesh
Pincode	521135
Country	IN
Address	2-34 pedamuttevi road movva 521135

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 521019024 for Movva 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 521019024 of Indian Bank, Movva branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Movva 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 -

>>Movva

MICR code for Indian Bank Movva

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 Movva 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. 521019024 is the MICR code of Indian Bank for Movva branch. MICR code for Movva 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 Movva is presented in the table alongside.

Use of Indian Bank MICR code for Movva branch in movva

The MICR code 521019024 is used in RBI cheque clearing process to identify the branch Movva 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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