Indian Bank Samastipur Singhia Khurd Bihar MICR CODE

Find MICR Codes for Indian Bank Samastipur Singhia Khurd Bihar

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Singhai Khurd
Contact 0
Bank Details Indian Bank Singhai Khurd IDIB000S710
Location Samastipur, Singhia Khurd
City Samastipur
District Singhia Khurd
State Bihar
Pincode
Country IN
Address Singhia khurd singhia khurd
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 0 for Singhai Khurd 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 0 of Indian Bank, Singhai Khurd branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Singhai Khurd 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 -

>>Singhai Khurd

MICR code for Indian Bank Singhai Khurd

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 Singhai Khurd 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. 0 is the MICR code of Indian Bank for Singhai Khurd branch. MICR code for Singhai Khurd 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 Singhai Khurd is presented in the table alongside.

Use of Indian Bank MICR code for Singhai Khurd branch in samastipur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Singhai Khurd 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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