Indian Bank Pimpri Chinchwad Pune Maharashtra MICR CODE

Find MICR Codes for Indian Bank Pimpri Chinchwad Pune Maharashtra

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MICR Code	411019024
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rawet
Contact	9421915188
Bank Details	Indian Bank Rawet IDIB000R115

Location	Pimpri Chinchwad, Pune
City	Pimpri Chinchwad
District	Pune
State	Maharashtra
Pincode
Country	IN
Address	Blooming dale plot no. S.d.c. 5&6 sec 32a, pcndta rawet

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 411019024 for Rawet 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 411019024 of Indian Bank, Rawet branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Rawet branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indian Bank are available with micr code -

>>Pimpri Chinchwad >>Rawet

MICR code for Indian Bank Rawet

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 Rawet 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. 411019024 is the MICR code of Indian Bank for Rawet branch. MICR code for Rawet 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 Rawet is presented in the table alongside.

Use of Indian Bank MICR code for Rawet branch in pimpri chinchwad

The MICR code 411019024 is used in RBI cheque clearing process to identify the branch Rawet 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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