Indusind Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Indusind Bank Chandigarh Chandigarh Chandigarh

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MICR Code	160234016
Bank	Indusind Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chandigarh Sector 16 D
Contact	5174001
Bank Details	Indusind Bank Ltd Chandigarh Sector 16 D INDB0000597

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160015
Country	IN
Address	Ground first and second floor sco 20 sector 16 d chandigarh 160015

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 160234016 for Chandigarh Sector 16 D 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 160234016 of Indus Bank, Chandigarh Sector 16 D branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Chandigarh Sector 16 D branch, makes the characters readable even if there are other marks and stamps on it.

A total of 14 branches of Indusind Bank Ltd are available with micr code -

>>Chandigarh >>Chandigarh >>Chandigarh Sec. 35 >>Chandigarh Sector 16 D >>Chandigarh Sector 27 >>Industrial Area Chandigarh >>Industrial Area Phase Two Chandigarh >>Pioneer Sec Chd >>Sector 32 Chandigarh >>Sector Forty Seven Chandigarh >>Sector Fourty Chandigarh >>Sector Thirty Eight Chandigarh >>Sector Twenty D Chandigarh >>Sector Twenty Two Chandigarh

MICR code for Indusind Bank Chandigarh Sector 16 D

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 Chandigarh Sector 16 D 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. 160234016 is the MICR code of Indusind Bank for Chandigarh Sector 16 D branch. MICR code for Chandigarh Sector 16 D 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 Chandigarh Sector 16 D is presented in the table alongside.

Use of Indus Bank MICR code for Chandigarh Sector 16 D branch in chandigarh

The MICR code 160234016 is used in RBI cheque clearing process to identify the branch Chandigarh Sector 16 D 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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