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 Bhayli
Contact 2982001
Bank Details Indusind Bank Ltd Bhayli INDB0001371
Location Vadodara, Vadodara
City Vadodara
District Vadodara
State Gujarat
Pincode 391410
Country IN
Address Indusind bank ltd ground floor shop no 2 3 4 and 5 rajpath opp essar petrol pump bhayli road vadodara 391410 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 390234014 for Bhayli 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 390234014 of Indus Bank, Bhayli branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Bhayli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Bhayli

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 Bhayli 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. 390234014 is the MICR code of Indusind Bank for Bhayli branch. MICR code for Bhayli 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 Bhayli is presented in the table alongside.

Use of Indus Bank MICR code for Bhayli branch in vadodara

The MICR code 390234014 is used in RBI cheque clearing process to identify the branch Bhayli 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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