Indian Bank Abitghar Thane Maharashtra MICR CODE

Find MICR Codes for Indian Bank Abitghar Thane Maharashtra

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MICR Code	400019062
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	New Era School Ulhasnagar
Contact	0251-2732349
Bank Details	Indian Bank New Era School Ulhasnagar IDIB000N124

Location	Abitghar, Thane
City	Abitghar
District	Thane
State	Maharashtra
Pincode	421003
Country	IN
Address	Near new era school, furniture bazzar, ulhasnagar, thane, maharashtra - 421003

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 400019062 for New Era School Ulhasnagar 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 400019062 of Indian Bank, New Era School Ulhasnagar branch makes the system almost error free and faster. Use of Indian Bank MICR codes for New Era School Ulhasnagar 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 -

>>New Era School Ulhasnagar

MICR code for Indian Bank New Era School Ulhasnagar

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 New Era School Ulhasnagar 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. 400019062 is the MICR code of Indian Bank for New Era School Ulhasnagar branch. MICR code for New Era School Ulhasnagar 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 New Era School Ulhasnagar is presented in the table alongside.

Use of Indian Bank MICR code for New Era School Ulhasnagar branch in abitghar

The MICR code 400019062 is used in RBI cheque clearing process to identify the branch New Era School Ulhasnagar 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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