Indian Bank Pendravan Raipur Chhattisgarh MICR CODE

Find MICR Codes for Indian Bank Pendravan Raipur Chhattisgarh

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MICR Code	493019003
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Pendravan
Contact	07768 248371
Bank Details	Indian Bank Pendravan IDIB000P116

Location	Pendravan, Raipur
City	Pendravan
District	Raipur
State	Chhattisgarh
Pincode	493559
Country	IN
Address	Pachayati bhawan pendrawan sarsiwa po raipur 493559

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 493019003 for Pendravan 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 493019003 of Indian Bank, Pendravan branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Pendravan 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 -

>>Pendravan

MICR code for Indian Bank Pendravan

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 Pendravan 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. 493019003 is the MICR code of Indian Bank for Pendravan branch. MICR code for Pendravan 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 Pendravan is presented in the table alongside.

Use of Indian Bank MICR code for Pendravan branch in pendravan

The MICR code 493019003 is used in RBI cheque clearing process to identify the branch Pendravan 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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