Indian Bank Guntur Mangalagiri Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Guntur Mangalagiri Andhra Pradesh

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nh Service Road Mangalagiri
Contact
Bank Details Indian Bank Nh Service Road Mangalagiri IDIB000N171
Location Guntur, Mangalagiri
City Guntur
District Mangalagiri
State Andhra Pradesh
Pincode
Country IN
Address 5-912a 8th line koppurao colony nh service road mangalagiri guntur
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 Nh Service Road Mangalagiri 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, Nh Service Road Mangalagiri branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Nh Service Road Mangalagiri 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 -

>>Nh Service Road Mangalagiri

MICR code for Indian Bank Nh Service Road Mangalagiri

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 Nh Service Road Mangalagiri 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 Nh Service Road Mangalagiri branch. MICR code for Nh Service Road Mangalagiri 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 Nh Service Road Mangalagiri is presented in the table alongside.

Use of Indian Bank MICR code for Nh Service Road Mangalagiri branch in guntur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nh Service Road Mangalagiri 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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