Indian Bank Silvasa Dadra And Nagar Haveli Dadra And Nagar Haveli MICR CODE

Find MICR Codes for Indian Bank Silvasa Dadra And Nagar Haveli Dadra And Nagar Haveli

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MICR Code	396019111
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Silvasa
Contact	0260 2644696
Bank Details	Indian Bank Silvasa IDIB000S187

Location	Silvasa, Dadra And Nagar Haveli
City	Silvasa
District	Dadra And Nagar Haveli
State	Dadra And Nagar Haveli
Pincode	396230
Country	IN
Address	348/3/2, nikhileshwar naroli/prithiviraj chouhan marg opp pramukh darshan silvassa

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 396019111 for Silvasa 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 396019111 of Indian Bank, Silvasa branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Silvasa branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Silvasa

MICR code for Indian Bank Silvasa

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 Silvasa 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. 396019111 is the MICR code of Indian Bank for Silvasa branch. MICR code for Silvasa 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 Silvasa is presented in the table alongside.

Use of Indian Bank MICR code for Silvasa branch in silvasa

The MICR code 396019111 is used in RBI cheque clearing process to identify the branch Silvasa 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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