Indian Bank Neyveli Cuddalore Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Neyveli Cuddalore Tamil Nadu

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MICR Code	607019099
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Neyveli Main
Contact	04142 252508
Bank Details	Indian Bank Neyveli Main IDIB000N024

Location	Neyveli, Cuddalore
City	Neyveli
District	Cuddalore
State	Tamil Nadu
Pincode	607803
Country	IN
Address	12/3, main bazaar block - 12 neyveli 607803

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 607019099 for Neyveli Main 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 607019099 of Indian Bank, Neyveli Main branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Neyveli Main 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 -

>>Neyveli Block 17 >>Neyveli Main

MICR code for Indian Bank Neyveli Main

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 Neyveli Main 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. 607019099 is the MICR code of Indian Bank for Neyveli Main branch. MICR code for Neyveli Main 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 Neyveli Main is presented in the table alongside.

Use of Indian Bank MICR code for Neyveli Main branch in neyveli

The MICR code 607019099 is used in RBI cheque clearing process to identify the branch Neyveli Main 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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