Indusind Bank Patna Patna Bihar MICR CODE

Find MICR Codes for Indusind Bank Patna Patna Bihar

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ashiana Nagar Patna
Contact 0612-2580015;0612-2580050;0612-2580071;0612-2580080(Fax)
Bank Details Indusind Bank Ltd Ashiana Nagar Patna INDB0000534
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 800014
Country IN
Address Ground floor, #10,abhinav apartments, main ashiana digha road, near passport office, ashiana nagar, patna- 800 014, bihar
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 800234008 for Ashiana Nagar Patna 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 800234008 of Indus Bank, Ashiana Nagar Patna branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Ashiana Nagar Patna branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Ashiana Nagar Patna

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 Ashiana Nagar Patna 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. 800234008 is the MICR code of Indusind Bank for Ashiana Nagar Patna branch. MICR code for Ashiana Nagar Patna 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 Ashiana Nagar Patna is presented in the table alongside.

Use of Indus Bank MICR code for Ashiana Nagar Patna branch in patna

The MICR code 800234008 is used in RBI cheque clearing process to identify the branch Ashiana Nagar Patna 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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