Indian Bank Punganur Chittor Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Punganur Chittor Andhra Pradesh

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MICR Code	517019096
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Punganuru
Contact	08581 253074
Bank Details	Indian Bank Punganuru IDIB000P055

Location	Punganur, Chittor
City	Punganur
District	Chittor
State	Andhra Pradesh
Pincode	517247
Country	IN
Address	102 brahmin street punganuru 517247

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 517019096 for Punganuru 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 517019096 of Indian Bank, Punganuru branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Punganuru 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 -

>>Punganuru

MICR code for Indian Bank Punganuru

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 Punganuru 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. 517019096 is the MICR code of Indian Bank for Punganuru branch. MICR code for Punganuru 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 Punganuru is presented in the table alongside.

Use of Indian Bank MICR code for Punganuru branch in punganur

The MICR code 517019096 is used in RBI cheque clearing process to identify the branch Punganuru 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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