Indian Bank Sambalpur Sambalpur Orissa MICR CODE

Find MICR Codes for Indian Bank Sambalpur Sambalpur Orissa

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sambalpur
Contact 0663-2520566
Bank Details Indian Bank Sambalpur IDIB000S049
Location Sambalpur, Sambalpur
City Sambalpur
District Sambalpur
State Orissa
Pincode 768001
Country IN
Address Laxmi talkies road sambalpur 768001
MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sambalpur
Contact 0
Bank Details Indian Bank Sambalpur IDIB000S554
Location Sambalpur, Sambalpur
City Sambalpur
District Sambalpur
State Orissa
Pincode 768001
Country IN
Address Sambalpur gaity rd golbazar sambalpur 768001
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 768019007 for Sambalpur 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 768019007 of Indian Bank, Sambalpur branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Sambalpur 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 -

>>Bareipalli >>Sambalpur >>Sambalpur

MICR code for Indian Bank Sambalpur

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 Sambalpur 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. 768019007 is the MICR code of Indian Bank for Sambalpur branch. MICR code for Sambalpur 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 Sambalpur is presented in the table alongside.

Use of Indian Bank MICR code for Sambalpur branch in sambalpur

The MICR code 768019007 is used in RBI cheque clearing process to identify the branch Sambalpur 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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