Indian Bank Rohtak Rohtak Haryana MICR CODE

Find MICR Codes for Indian Bank Rohtak Rohtak Haryana

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MICR Code	124019002
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rhotak
Contact	01262-238406
Bank Details	Indian Bank Rhotak IDIB000S148

Location	Rohtak, Rohtak
City	Rohtak
District	Rohtak
State	Haryana
Pincode	124001
Country	IN
Address	1491/31, shivaji colony chowk, rohtak 124001

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 124019002 for Rhotak 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 124019002 of Indian Bank, Rhotak branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Rhotak 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 -

>>Rhotak >>Rohtak >>Rohtak

MICR code for Indian Bank Rhotak

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 Rhotak 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. 124019002 is the MICR code of Indian Bank for Rhotak branch. MICR code for Rhotak 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 Rhotak is presented in the table alongside.

Use of Indian Bank MICR code for Rhotak branch in rohtak

The MICR code 124019002 is used in RBI cheque clearing process to identify the branch Rhotak 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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