Indian Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Indian Bank Bangalore Bangalore Urban Karnataka

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MICR Code	560019018
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Richmond Circle
Contact	080 22220993
Bank Details	Indian Bank Richmond Circle IDIB000R018

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560027
Country	IN
Address	19 lalbagh road shivashankar plaza richmond circle bangalore 560027

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 560019018 for Richmond Circle 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 560019018 of Indian Bank, Richmond Circle branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Richmond Circle branch, makes the characters readable even if there are other marks and stamps on it.

A total of 40 branches of Indian Bank are available with micr code -

>>Ashoka Pillar >>Avenue Road >>Banasankari Ii Stage >>Bangalore Cantonment >>Bangalore City >>Basavangudi >>Benson Town >>Chamarajpet >>Commercial Street >>Corporate Branch Banglore >>Cubbonpet >>Dodda Banasawadi >>Electronic City >>Giri Nagar >>Halasuru (Ulsoor) >>Ind Msme Branch Bangalore >>Ind Retail Bangalore >>J P Nagar >>J P Nagar I Phase >>Jaya Nagar >>K R Road >>Kasturi Nagar >>Kodigehalli >>Koramangala >>M.G.Road (Bangalore) >>Malleswaram >>Microsate Bangalore >>New Horizon College Of Engineering Bangalore >>New Thippasandra >>New Timber Yard Layout >>Osb Bangalore >>Prashanth Nagar >>R M V Extn. >>Rajaji Nagar >>Richmond Circle >>Sadashivnagar >>Seshadripuram >>St Marks Road >>Sultanpalya >>Tirumenahalli

MICR code for Indian Bank Richmond Circle

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 Richmond Circle 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. 560019018 is the MICR code of Indian Bank for Richmond Circle branch. MICR code for Richmond Circle 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 Richmond Circle is presented in the table alongside.

Use of Indian Bank MICR code for Richmond Circle branch in bangalore

The MICR code 560019018 is used in RBI cheque clearing process to identify the branch Richmond Circle 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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