Indian Bank Coimbatore Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Coimbatore Coimbotore Tamil Nadu

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MICR Code	641019004
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Peelamedu
Contact	Ph: 0422 2573170
Bank Details	Indian Bank Peelamedu IDIB000S107

Location	Coimbatore, Coimbotore
City	Coimbatore
District	Coimbotore
State	Tamil Nadu
Pincode	641014
Country	IN
Address	Cit college campus, aerodrome post, peelamedu, coimbatore, pin 641014

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 641019004 for Peelamedu 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 641019004 of Indian Bank, Peelamedu branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Peelamedu branch, makes the characters readable even if there are other marks and stamps on it.

A total of 18 branches of Indian Bank are available with micr code -

>>Avinashilingam Deemed University Campus >>Coimbatore Main >>Coimbatore Municipal Corpn. >>Ganapathy >>Kmch Goldwins >>Lawly Road >>P N Palayam >>Peelamedu >>Pollachi >>Puliakulam >>R S Puram >>Raja Street >>Ramnagar >>Siddhapudur >>Sivananda Colony >>Sowripalayam >>Sukrawarpet >>Trichy Road

MICR code for Indian Bank Peelamedu

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 Peelamedu 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. 641019004 is the MICR code of Indian Bank for Peelamedu branch. MICR code for Peelamedu 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 Peelamedu is presented in the table alongside.

Use of Indian Bank MICR code for Peelamedu branch in coimbatore

The MICR code 641019004 is used in RBI cheque clearing process to identify the branch Peelamedu 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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