Indian Bank North East Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Indian Bank North East Delhi 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 Yamuna Vihar New Delhi
Contact 0
Bank Details Indian Bank Yamuna Vihar New Delhi IDIB000Y502
Location North East Delhi, Delhi
City North East Delhi
District Delhi
State New Delhi
Pincode
Country IN
Address Delhi b1by14 yamuna vihar
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 Yamuna Vihar New Delhi 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, Yamuna Vihar New Delhi branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Yamuna Vihar New Delhi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indian Bank are available with micr code -

>>New Delhi Bhajanpura >>Yamuna Vihar New Delhi

MICR code for Indian Bank Yamuna Vihar New Delhi

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 Yamuna Vihar New Delhi 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 Yamuna Vihar New Delhi branch. MICR code for Yamuna Vihar New Delhi 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 Yamuna Vihar New Delhi is presented in the table alongside.

Use of Indian Bank MICR code for Yamuna Vihar New Delhi branch in north east delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Yamuna Vihar New Delhi 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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