Indusind Bank Raikot Ludhiana Punjab MICR CODE

Find MICR Codes for Indusind Bank Raikot Ludhiana Punjab

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Andlu
Contact 262064
Bank Details Indusind Bank Ltd Andlu INDB0000895
Location Raikot, Ludhiana
City Raikot
District Ludhiana
State Punjab
Pincode 141108
Country IN
Address Grd flr khewat no 364 371 khatauni 418 khasra 412 vpo andlu tehsil raikot ludhiana 141108 punjab
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 Andlu 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, Andlu branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Andlu branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indusind Bank Ltd are available with micr code -

>>Andlu

MICR code for Indusind Bank Andlu

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

Use of Indus Bank MICR code for Andlu branch in raikot

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