Indian Bank Ranchi Ranchi Jharkhand MICR CODE

Find MICR Codes for Indian Bank Ranchi Ranchi Jharkhand

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MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ranipas
Contact	0
Bank Details	Indian Bank Ranipas IDIB000R638

Location	Ranchi, Ranchi
City	Ranchi
District	Ranchi
State	Jharkhand
Pincode	834006
Country	IN
Address	Kankey ranchi admin istrative bldg- rinpas kanke 834006

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

A total of 19 branches of Indian Bank are available with micr code -

>>Circular Rd >>Dhurwa >>Gel Church >>Harmu Colony >>Hatia Market >>Kadru Road >>Kokar >>Microsate Kanke >>Microsate Ranchi >>Ranchi >>Ranchi Ashok Nagar >>Ranchi Bariatu >>Ranchi Mahilong >>Ranchi Main >>Ranchi Morhabadi >>Ranchi Nagri >>Ranchi Shukuruhutu >>Ranipas >>Specialised Trading Finance Br

MICR code for Indian Bank Ranipas

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 Ranipas 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 Ranipas branch. MICR code for Ranipas 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 Ranipas is presented in the table alongside.

Use of Indian Bank MICR code for Ranipas branch in ranchi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ranipas 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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