Indusind Bank Vadodara Vadodara Gujarat MICR CODE

Find MICR Codes for Indusind Bank Vadodara Vadodara Gujarat

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Akota Vadodara
Contact 2335592
Bank Details Indusind Bank Ltd Akota Vadodara INDB0000857
Location Vadodara, Vadodara
City Vadodara
District Vadodara
State Gujarat
Pincode 390020
Country IN
Address Grd first flr shreeji business hub 66 a shreenagar society bpc road akota vadodara 390 020 gujarat
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 390234013 for Akota Vadodara 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 390234013 of Indus Bank, Akota Vadodara branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Akota Vadodara branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Akota Vadodara

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 Akota Vadodara 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. 390234013 is the MICR code of Indusind Bank for Akota Vadodara branch. MICR code for Akota Vadodara 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 Akota Vadodara is presented in the table alongside.

Use of Indus Bank MICR code for Akota Vadodara branch in vadodara

The MICR code 390234013 is used in RBI cheque clearing process to identify the branch Akota Vadodara 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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