Indian Bank Singrauli Naugai Madhya Pradesh MICR CODE

Find MICR Codes for Indian Bank Singrauli Naugai Madhya Pradesh

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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	Naugai
Contact	0
Bank Details	Indian Bank Naugai IDIB000N557

Location	Singrauli, Naugai
City	Singrauli
District	Naugai
State	Madhya Pradesh
Pincode
Country	IN
Address	Dist singrauli naugai

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

>>Naugai

MICR code for Indian Bank Naugai

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 Naugai 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 Naugai branch. MICR code for Naugai 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 Naugai is presented in the table alongside.

Use of Indian Bank MICR code for Naugai branch in singrauli

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