Indian Bank Pannapatti Salem Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Pannapatti Salem Tamil Nadu

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pannapatti
Contact 04290 249344
Bank Details Indian Bank Pannapatti IDIB000P102
Location Pannapatti, Salem
City Pannapatti
District Salem
State Tamil Nadu
Pincode 636305
Country IN
Address 7/188 thinnapatti main road pannapatti salem 636305
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 636019073 for Pannapatti 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 636019073 of Indian Bank, Pannapatti branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Pannapatti 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 -

>>Pannapatti

MICR code for Indian Bank Pannapatti

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 Pannapatti 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. 636019073 is the MICR code of Indian Bank for Pannapatti branch. MICR code for Pannapatti 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 Pannapatti is presented in the table alongside.

Use of Indian Bank MICR code for Pannapatti branch in pannapatti

The MICR code 636019073 is used in RBI cheque clearing process to identify the branch Pannapatti 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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