Indian Bank Sathyamangalam Erode Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Sathyamangalam Erode Tamil Nadu

↻ Reload
MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sathya Mangalam
Contact 04295 220194
Bank Details Indian Bank Sathya Mangalam IDIB000S123
Location Sathyamangalam, Erode
City Sathyamangalam
District Erode
State Tamil Nadu
Pincode 638401
Country IN
Address Sathyamangalam mysore trunk road opp. Taluk office 638401
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.

Search Indian Bank MICR Codes in erode

You can search through MICR Codes of Tamil Nadu branches in sathyamangalam of District erode in Tamil Nadu State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Indian Bank are available with micr code -

>>Sathya Mangalam

How to find MICR codes for Indian Bank in sathyamangalam?

Indian Bank sathyamangalam MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Indian Bank MICR codes list for sathyamangalam, one can further search by branch name specified in the table. You can find MICR codes for all Indian Bank sathyamangalam branches.

Indian Bank MICR code in sathyamangalam

Indian Bank MICR code is a character recognition technology used by banks in the processing of cheques. Indian Bank MICR code for sathyamangalam branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Indian Bank branches in sathyamangalam, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Indian Bank MICR code for sathyamangalam branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Indian Bank sathyamangalam branch, sprinted 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. Thus MICR code for Indian Bank sathyamangalam branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Indian Bank MICR codes for sathyamangalam branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

Copied!