Indian Bank Noida Gautam Bodda Nagar Uttar Pradesh MICR CODE

Find MICR Codes for Indian Bank Noida Gautam Bodda Nagar Uttar Pradesh

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MICR Code	110019044
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sec 50 Noida
Contact	0120 2500644
Bank Details	Indian Bank Sec 50 Noida IDIB000S153

Location	Noida, Gautam Bodda Nagar
City	Noida
District	Gautam Bodda Nagar
State	Uttar Pradesh
Pincode	201301
Country	IN
Address	B258, sector 50, noida 201301

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 110019044 for Sec 50 Noida 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 110019044 of Indian Bank, Sec 50 Noida branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Sec 50 Noida branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Indian Bank are available with micr code -

>>Greater Noida >>Noida >>Sec 19 Noida >>Sec 50 Noida

MICR code for Indian Bank Sec 50 Noida

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 Sec 50 Noida 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. 110019044 is the MICR code of Indian Bank for Sec 50 Noida branch. MICR code for Sec 50 Noida 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 Sec 50 Noida is presented in the table alongside.

Use of Indian Bank MICR code for Sec 50 Noida branch in noida

The MICR code 110019044 is used in RBI cheque clearing process to identify the branch Sec 50 Noida 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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