Indian Bank Nalgonda Nalgonda Telangana MICR CODE

Find MICR Codes for Indian Bank Nalgonda Nalgonda Telangana

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MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nalgonda
Contact	0
Bank Details	Indian Bank Nalgonda IDIB000N528

Location	Nalgonda, Nalgonda
City	Nalgonda
District	Nalgonda
State	Telangana
Pincode
Country	IN
Address	V t road opposite d s p office ramgiri ramgiri nalgonda

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 0 for Nalgonda 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 0 of Indian Bank, Nalgonda branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Nalgonda branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indian Bank are available with micr code -

>>Hyderabad Miryalaguda >>Nalgonda

MICR code for Indian Bank Nalgonda

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 Nalgonda 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. 0 is the MICR code of Indian Bank for Nalgonda branch. MICR code for Nalgonda 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 Nalgonda is presented in the table alongside.

Use of Indian Bank MICR code for Nalgonda branch in nalgonda

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nalgonda 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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