Indusind Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Indusind Bank Hyderabad Hyderabad Andhra Pradesh

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch A S Rao Nagar Hyderabad
Contact
Bank Details Indusind Bank Ltd A S Rao Nagar Hyderabad INDB0000740
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500062
Country IN
Address Grd flr gayatri arcade no 5 tyagarayanagar a s rao nagar kapra hyderabad 500062 telangana
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 A S Rao Nagar Hyderabad 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 Indus Bank, A S Rao Nagar Hyderabad branch makes the system almost error free and faster. Use of Indus Bank MICR codes for A S Rao Nagar Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Indusind Bank Ltd are available with micr code -

>>A S Rao Nagar Hyderabad >>Karkhana >>Kukatpally Hyderabad >>Miyapur >>Somajiguda >>Towlichowki Hyderabad

MICR code for Indusind Bank A S Rao Nagar Hyderabad

Indusind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indus Bank MICR code for A S Rao Nagar Hyderabad 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 Indusind Bank for A S Rao Nagar Hyderabad branch. MICR code for A S Rao Nagar Hyderabad 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 Indus Bank A S Rao Nagar Hyderabad is presented in the table alongside.

Use of Indus Bank MICR code for A S Rao Nagar Hyderabad branch in hyderabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch A S Rao Nagar Hyderabad and Indus 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 Indusind Bank is typically in either of these two font’s: E-138 and CMC-7.

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