Indian Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Indian Bank Mumbai Mumbai Maharashtra

↻ Reload
MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vasant Garden Mumbai
Contact 022-25616800
Bank Details Indian Bank Vasant Garden Mumbai IDIB000V093
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400082
Country IN
Address Nes international school campus, malabar hill road, mulund west 400082
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 Vasant Garden Mumbai 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, Vasant Garden Mumbai branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Vasant Garden Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Vasant Garden Mumbai

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 Vasant Garden Mumbai 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 Vasant Garden Mumbai branch. MICR code for Vasant Garden Mumbai 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 Vasant Garden Mumbai is presented in the table alongside.

Use of Indian Bank MICR code for Vasant Garden Mumbai branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Vasant Garden Mumbai 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.

Copied!