Indian Bank Karnal Karnal Haryana MICR CODE

Find MICR Codes for Indian Bank Karnal Karnal Haryana

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MICR Code	132019104
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Phoosgarh
Contact	0184 2285700
Bank Details	Indian Bank Phoosgarh IDIB000P196

Location	Karnal, Karnal
City	Karnal
District	Karnal
State	Haryana
Pincode	132041
Country	IN
Address	Old durga colony vpo phoosgarh pin 132041

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 132019104 for Phoosgarh 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 132019104 of Indian Bank, Phoosgarh branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Phoosgarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Indian Bank are available with micr code -

>>Gharaunda >>Karnal >>Karnal >>Nissing >>Phoosgarh >>Sector 9 Karnal

MICR code for Indian Bank Phoosgarh

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 Phoosgarh 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. 132019104 is the MICR code of Indian Bank for Phoosgarh branch. MICR code for Phoosgarh 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 Phoosgarh is presented in the table alongside.

Use of Indian Bank MICR code for Phoosgarh branch in karnal

The MICR code 132019104 is used in RBI cheque clearing process to identify the branch Phoosgarh 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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