Indian Bank Guntur Vinukonda Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Guntur Vinukonda Andhra Pradesh

↻ Reload
MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vinukonda
Contact
Bank Details Indian Bank Vinukonda IDIB000V158
Location Guntur, Vinukonda
City Guntur
District Vinukonda
State Andhra Pradesh
Pincode
Country IN
Address 29-155 suresh mahal road kothapeta vinukonda
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 Vinukonda 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, Vinukonda branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Vinukonda 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 -

>>Vinukonda

MICR code for Indian Bank Vinukonda

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

Use of Indian Bank MICR code for Vinukonda branch in guntur

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