Indian Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Chennai Chennai Tamil Nadu

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Teynampet
Contact 044 24331961
Bank Details Indian Bank Teynampet IDIB000T011
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600018
Country IN
Address No. 463, l r swamy building anna salai teynampet, chennai 600018
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 600019057 for Teynampet 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 600019057 of Indian Bank, Teynampet branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Teynampet branch, makes the characters readable even if there are other marks and stamps on it.

A total of 147 branches of Indian Bank are available with micr code -

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MICR code for Indian Bank Teynampet

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 Teynampet 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. 600019057 is the MICR code of Indian Bank for Teynampet branch. MICR code for Teynampet 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 Teynampet is presented in the table alongside.

Use of Indian Bank MICR code for Teynampet branch in chennai

The MICR code 600019057 is used in RBI cheque clearing process to identify the branch Teynampet 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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