Indian Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Indian Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai Fort
Contact 022 22664633 022 22664924 022 22658976
Bank Details Indian Bank Mumbai Fort IDIB000B027
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400001
Country IN
Address United india building, sir p.m.road, fort, mumbai 400 001
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 400019004 for Mumbai Fort 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 400019004 of Indian Bank, Mumbai Fort branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Mumbai Fort branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Mumbai Fort

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 Mumbai Fort 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. 400019004 is the MICR code of Indian Bank for Mumbai Fort branch. MICR code for Mumbai Fort 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 Mumbai Fort is presented in the table alongside.

Use of Indian Bank MICR code for Mumbai Fort branch in mumbai

The MICR code 400019004 is used in RBI cheque clearing process to identify the branch Mumbai Fort 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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