Indian Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Indian Bank Delhi New Delhi New Delhi

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vikaspuri
Contact 011 25537031
Bank Details Indian Bank Vikaspuri IDIB000V084
Location Delhi, New Delhi
City Delhi
District New Delhi
State New Delhi
Pincode 110018
Country IN
Address G-27, dda community centre near sonia cinema vikaspuri 110018
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 110019029 for Vikaspuri 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 110019029 of Indian Bank, Vikaspuri branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Vikaspuri branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Vikaspuri

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 Vikaspuri 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. 110019029 is the MICR code of Indian Bank for Vikaspuri branch. MICR code for Vikaspuri 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 Vikaspuri is presented in the table alongside.

Use of Indian Bank MICR code for Vikaspuri branch in delhi

The MICR code 110019029 is used in RBI cheque clearing process to identify the branch Vikaspuri 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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