Indian Bank Nellore Nellore Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Nellore Nellore Andhra Pradesh

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sullurpet
Contact 242513
Bank Details Indian Bank Sullurpet IDIB000S247
Location Nellore, Nellore
City Nellore
District Nellore
State Andhra Pradesh
Pincode 524121
Country IN
Address 8 by 3 by1992 old shar bus stand road sullurupet spsr nellore andhra pradesh
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 Sullurpet 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, Sullurpet branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Sullurpet branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Indian Bank are available with micr code -

>>Athmakur >>Narayanareddipeta >>Nawabpet >>Nellore >>Sullurpet

MICR code for Indian Bank Sullurpet

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 Sullurpet 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 Sullurpet branch. MICR code for Sullurpet 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 Sullurpet is presented in the table alongside.

Use of Indian Bank MICR code for Sullurpet branch in nellore

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