Indian Bank Mangalore Dakshin Kannad Karnataka MICR CODE

Find MICR Codes for Indian Bank Mangalore Dakshin Kannad Karnataka

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pumpwell Junction Mangalore
Contact 0824-2431552
Bank Details Indian Bank Pumpwell Junction Mangalore IDIB000P173
Location Mangalore, Dakshin Kannad
City Mangalore
District Dakshin Kannad
State Karnataka
Pincode 575002
Country IN
Address No.23/2, a-p, padmashree complex, mangalore - bangalore nh road, pumpwell circle, kankanady, mangalore - 575002.
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 Pumpwell Junction Mangalore 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, Pumpwell Junction Mangalore branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Pumpwell Junction Mangalore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Indian Bank are available with micr code -

>>Badaga Yedapadavu >>Bejai Kapikad Mangalore >>Pumpwell Junction Mangalore

MICR code for Indian Bank Pumpwell Junction Mangalore

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 Pumpwell Junction Mangalore 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 Pumpwell Junction Mangalore branch. MICR code for Pumpwell Junction Mangalore 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 Pumpwell Junction Mangalore is presented in the table alongside.

Use of Indian Bank MICR code for Pumpwell Junction Mangalore branch in mangalore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Pumpwell Junction Mangalore 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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